Tag Archives: home equity

4 Stubborn Financial Aid Myths

Many of the misconceptions that people possess about the college process revolve around financial aid. So with the college admission season heading into high gear, I am sharing the four financial aid myths that are probably the most common. Myth No. 1:  I make too much money to qualify for aid. You shouldn’t automatically assume [...]

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A Wealthy Mom’s College Questions

I am sharing an email that I got this week from a wealthy single mom, who is anticipating her college costs for her twins. I comment on her situation below and I’d love to hear from you too. If you have any advice, please share it in the comment box below. Mom’s Email: Lynn, I [...]

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Is It Okay to Hide Home Equity?

If you missed it, on Monday I wrote a post for my college blog on the dramatic impact that home equity can have on a family’s financial aid package. Here is the link:  Will Your Home Equity Hurt Financial Aid Chances: A Case Study If you read the post, you’ll see that even a huge [...]

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Will Your Home Equity Hurt Financial Aid Chances? A Case Study

Is your home equity going to hurt your chances of receiving need-based financial aid? The majority of families don’t need to worry about this because most schools don’t consider home equity. These  institutions use the Free Application for Federal Student Aid. The FAFSA doesn’t even ask if the family owns a home. Some of these [...]

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Avoiding College Snake Oil Salesmen

For many years I was a financial journalist who wrote about such garden-variety investment topics as 401(k)’s, IRA’s, mutual funds, bonds and how investors can assemble a retirement portfolio that will last longer than they do. I enjoyed what I was doing until I stumbled across a financial topic that I knew nothing about when [...]

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Should I Hide My Home Equity?

It’s the time of year when families of high school seniors start worrying about their home equity and financial aid. That’s why I decided to share an email that I received from a father who was interested in using the services of a CPA who says he could hide his home equity from financial aid [...]

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