<p>Suppose your parents SELL the house AFTER you recieve your financial aid package. Do you report this now (and what will happen - give back some of money) or wait until you re-apply for aid in sophomore yr of college?</p>
<p>you sell the house BEFORE so some other sucker can pay more for college.</p>
<p>you also MOVE your money to other bank accounts.</p>
<p>if you make too much, ur screwed. if you are a poor leecher of society, aka poor ppl, then u fail it and get into college for free.</p>
<p>This year’s financial aid, the one you have already, was based on last year’s financial activity. The home sale this year might have an impact on next year’s aid award.</p>