^ see article link posted in original post #1:
In terms of assets, as per the article:
- Retirement plans are excluded from consideration.
- Other funds are assessed at 5%. So if you have $100,000 saved in the bank, you will be asked to pay $5000 of that a year.
- Home equity is capped because they recognize that, in some areas, “what people’s houses are worth can become quite inflated relative to their level of income and their level of actual liquid assets and ability to contribute.”