<p>“Paying for College Without Going Broke” Kalman Chany, Princeton Review. page 187. </p>
<p>“Profile Section - Parents’ Expense” (PE) </p>
<p>PE-150 Parents’ Monthly Home Mortgage/Rental Payment. If you own your primary residence, include the monthly mortgage payments. (first and second) on the house, condominium, or cooperative apartment, as well as the maintenance fees and home equity loan payments. Otherwise, list the monthly rent that you pay. Not that it will do you much good-These numbers are not factored into the formula." </p>
<p>This question is asked on the CSS Profile & Kalman Chany states it is not factored into the formula. As this is the CSS Profile, he is referring to the “Institutional Methodology” or what is called “IM” which many private schools use. The other Methodology or formula used is the “Federal Methodology” or “FM”. </p>
<p>“Paying for College Without Going Broke” is a wonderful book. The 2010 Edition should be out soon, sometime in October. Buy it, do the worksheets in the the back of the book with your estimated income tax figures for the year 2009.</p>