This is the first step (of many) that will help them determine what aid is needed in order to fund your (or your child’s) college education. In determining need, it excludes equity in the primary residence and retirement savings and it considers other obligations, such as educational expenses for other children as … The net price calculator will help you get an idea of your family's "bottom line" obligations. Harvard and Princeton Universities are among those stating that they do not consider home equity. The main sources here will be funds available in your checking and savings accounts. Owning the house outright, they are not paying any monthly rent or mortgage, plus -- they would only need to borrow 10% of the value of the home ($200,000) to send you for four years to the most expensive college in the nation. You're not alone! Home equity: $400,000 Normally, the schools that use the PROFILE formula would assess the home equity (as well as other parental assets) at 5% for financial aid purposes.
Yale University states that it does consider home equity.

Home equity and private colleges Home equity can be a concern for families whose teenagers apply to schools that use an additional financial aid application called the CSS/Financial Aid … Log into your account. The University has also enhanced its financial-aid program in several ways. Questions or concerns regarding Title IX, Section 504 or other aspects of Princeton’s equal opportunity or affirmative action programs should be directed to the Office of the Vice Provost for Institutional Equity and Diversity, Princeton University, 205 Nassau Hall, Princeton, NJ 08544 or (609) 258-6110. 4. Financial aid officers (FAOs) will use your assets to get an idea of what sort of funds you have immediate access to. * Princeton will reduce the amount it expects a family to pay for students on financial aid by removing or reducing the contribution expected from home equity in its financial aid calculations. by removing or reducing the contribution expected from home equity in its financial aid calculations. Princeton also states that it does not consider retirement funds. Wondering how to pay for college? Princeton is, hands down, the least expensive option in every scenario, followed by Smith.


Plus, find out which schools made the Top 10 on our Best Financial Aid list in our latest book, Best Value Colleges . Notice. But a little research can go a long way. If offered admission, Princeton will meet 100 percent Students are not expected to work as teaching or research assistants or perform any other duties in return for financial-aid awards. Home equity is an estimate of a house's value, which in financial aid systems like Harvard's is lumped with annual income in calculating a family's ability to pay.

More than 90 percent of MPA students receive financial aid, and more than 80 percent receive full scholarships for tuition and living expenses from both external scholarships and Princeton’s scholarships.


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