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finaid officers have the ability to override the formula when the information is compelling.
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I don’t see what would be “compelling” if the money is still sitting in savings when the appeal is presented. It would be one thing to ask for the appeal AFTER a purchase is made, showing that the money no longer exists and it all went to buying the primary home.
The bottom line is that may people who sell homes do not put the entire proceeds into the next home. Some hold back some/most for various reasons…to remodel, to pay off debts, buy two properties, whatever. If the money is sitting in an acct at the time of appeal, just saying that the money will be TOTALLY used to buy a home would not be compelling in my opinion.