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Home equity may affect college aid options

Source: .ljworld.com Posted By: Johnnie R...3384 days ago

Our son has just started his senior year in high school, but we have already received the various forms to fill out so we can try to get some financial aid to send him to college. Our home is worth about $150,000 more than what we paid for it several years ago. Will this affect our family’s ability to get the most financial aid possible?

While some schools don’t expect parents to use their home equity to help pay for tuition and additional college costs, other institutions indeed will reduce the....

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