<p>I agree. People who cannot shell out their FAFSA figures will not go private if home equity is no longer safe/viable/optional for use in making monthly payments and private loan sources are tightened and jobs are shaky and retirements have been hit hard. Ability for parents to pay down home equity loan balances in a reasonable manner will be reduced by other market declines, including a market that makes homes in many areas unsellable or not worth what they were worth a year ago. There are many people who will not see any relief whatsoever from private college financial aide offices even with the new more generous no loan packages that have been extended to more families in schools with strong endowments. Families will not take the risk of shelling out 200 thou in the next four years if they don’t have a very strong financial base in place.</p>