<p>Just a quick question in regards to the CSS profile...</p>
<p>Does anyone know if Smith uses home equity when factoring out aid packages?</p>
<p>Thanks!</p>
<p>-MM</p>
<p>If they do, the effect is minimal. From personal experience.</p>
<p>I know that’s something the CSS measures, so I think they do factor it in, but not sure to what extent. Financial aid formulas are murky waters.</p>
<p>Thanks for the responses, TD & S&P. :)</p>
<p>If I were to call the FinAid office, do you think they would give me a concrete number as to the percentage that it would factor in one’s FinAid?</p>
<p>I think it factors differently on different forms - I believe you fill out a couple for smith to determine Smith vs federal aid. They should be able to give you a pretty good idea.</p>
<p>They might, they might not. It’s worth calling and asking, but the answer in all honesty will probably be tha it depends on a lot of other factors like income, other available savings and assets, other property the family might own, the amount of equity, etc. I don’t know that there is a set percentage for each applicant and without knowing everything they might not be able to tell you what to expect. But hey, there’s no harm in asking, I could be totally wrong and they might be very forthcoming. You lose nothing by trying.</p>