<p>Hello, I am an international student applying to universities in the U.S & am done with my applications. I was filling out the financial aid forms & had a couple of doubts regarding the assets part. I am applying for need-based aid & my parents income is pretty low (15000$-20000$). However they own real estate holdings worth around 200,000$. Their other assets (in hard cash) such as savings etc. are pretty less. Only the real estate holdings are high.</p>
<p>So, if I am applying for need-based aid at a reputed university, will I be expected to pay for the full-tution because of the high value of the real estate holdings??? OR is aid calculated based on the income of the parents??? I would appreciate any kind of help.</p>
<p>Thanks</p>
<p>Aid for international students varies widely and is scarcer than aid for domestic students. It would be very hard to make generalizations about your particular situation. You concerns would be best addressed by the schools you applying to.</p>
<p>Aid is based on both income and assets of the parent. While they don't generally expect you to deplete all the assets they do usually expect a % to be used. As the previous poster said -aid rules can be quite different for International students. Many school that are need blind for US students are not for International students, and many schools that promise to meet full need for US citizens may not for Internationals. Really only the schools can tell you what their policies are.</p>
<p>thanks for the replies....... Okay suppose its MIT that I am applying to, what would be the situation????</p>