Our household income is less than 55k for a family of 4, and we live in a city with a high cost of living. Our house was purchased YEARS ago for a really low price. Currently, our home is valued is about 150k higher than the purchase price. I’m not exactly sure how personal finance work, but does that make my parent’s assets too high for QuestBridge? Would this automatically disqualify me for the finalist round?
as you already know the querbridge process looks at your Family’s ncome and assets. Each school will determine how they use home equity to say that your house has appreciated by $150k really does not say anything about your situation. Equity is an asset that your parents can draw on/borrow against to help pay for your education.
There is a difference in having $200k in home equity $450(current value of home) - $250k (mortgage still owed = 200k (equity)
And
400k (value of home) - 0 (fully paid mortgage) = $450kequity.
Home equity = the value of your home - mortgage owed
Do you still have a mortgage on your home?
@sybbie719 The home equity in this case is about $110k. From the other threads I’ve read in CC, most questbridge applicants have $0 assets. 
I don’t seem optimistic on the QB now…
Just fill out the form. QB will determine your eligibility.
All you can do is apply and hope for the best.