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<p>1) For assets, does CU FA include </p>
<p>*home equity?</p>
<p>*401k value?</p>
<p>2) if your income is above 60k or assets are above 100k or both, then what is the expected aid?</p>
<p>I believe that it does not include your primary home however if you have a second property that does count. I also believe 401K counts as well as any other assets like 529 accounts etc</p>
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<p>They do not count any retirement account assets that exist at the time you apply. however, they will add retirement account deductions back to income going forward. So for example. If parents get paid $70,000/year but have $10,000 deducted and put into retirement account, and so only pay taxes on $60,000. Cornell still counts it as $70,000 in income.</p>
<p>As for the home equity. yes, they do count the home equity towards assets.</p>