<p>When a college is decided the amount of financial aid to offer to a student, how does the equity you have in your home factor into the equation?</p>
<p>For FAFSA equity in the primary home is not reportable and is not considered. So for FAFSA only schools it will have no impact.</p>
<p>Schools that use CSSprofile to award their own funds may consider home equity. it will vary by school.</p>
<p>It depends on the school. Different schools use home equity in different ways. FAFSA only schools don’t use home equity at all for your primary residence. Profile schools have varying %ages of home equity that they assess as an asset. You need to check each school. YMMV.</p>
<p>Thanks- I’ll be checking!</p>