Date: Thu, 30 Mar 2006 14:12:21 -0600
From: "Elle"
Newsgroups: misc.invest.financial-plan
Subject: Re: Reconsidering my attitude towards savings...
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wrote
> "Elle" writes:
>> Note that the parents' home equity, liquid assets (=
>> cash,
>> checking, savings), and "other investments" are listed as
>> inputs to determining loan amounts in some instances. I
>
> Home equity in principal residence is absolutely counted,
> but only on some subset of the private college financial
> aid forms and forumulas.
I hope you noticed that your finaid.org citation conflicts
with my finaid.org citation and my other citation. Mine says
home equity is an input in some instances; yours says it is
not. Etc. People can I think google at this point.
snip
> 401(k) balance doesn't affect financial aid.
I think we need more authoritative citations before we can
declare this as fact for most, many, or all lenders.
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