USC Financial Aid Asset Caps???

Colleges & Universities University of Southern California
1

<p>I’ve been hearing several things about how USC caps assets; I have about (well, my parents have about) $300,000 in home equity, but our income was $29,000 this year, with a FAFSA EFC of 000023. (yes, 23)</p>

<p>Is it true that USC takes 2.4x your income, then uses THAT as the cap for your equity as opposed to just asking for 5.6% off of your home equity? </p>

<p>Essentially, does it just take 5% of 2.4x your income?</p>

<p>Thank you!</p>

2

<p>

I know that *some universities * cap the amount of equity they assess as a multiple of income, but I have not found anything published confirming that *USC *does so - can I ask where you have “heard” the information? It would be great to know for sure. You could try calling USC financial aid and asking. Post if you get a solid answer.</p>