Will buying a house affect my FAFSA????

BisXOXO
Sun, 18 Feb 2018 20:13:06 +0000

Hi
I’m thinking of buying a house since renting is so expensive now so I think is better to invest in a small house.
I’m a return independent student who is in the late 20s, almost 30. I am currently receiving fafsa grant for college since I’m working part-time(25-35 hr/wk) retail job.
Anyway, I’m thinking of buying a small house (less than $300k) since rent is so expensive, that way I can also rent out the extra room. I will be buying the house on mortgage and maybe borrowing a little from my parents . So I’m just wondering if it will affect my fafsa grants.