<p>Does anyone know of a source that outlines how individual schools (via the CSS PROFILE or institutional forms) treat home equity in the FA process? I heard recently that JHU ignores home equity, others cap it as x times income, etc. Is that info per school available anywhere or must you contact each individual school and ask them their policy?</p>
<p>Thanks!</p>
<p>As far as I am aware, it is not available outside of contacting each school individually.</p>
<p>Seems like some of the Ivies have been quoted as capping equity, but since we didn’t look at Ivys, I didn’t take notes.</p>
<p>Here’s Stanford, it’s one of the few that I’ve seen that puts it in an easy to find place on their FA website:</p>
<p>[FAQ</a> : Stanford University](<a href=“http://www.stanford.edu/dept/finaid/site/faq/index.html#faq_1]FAQ”>http://www.stanford.edu/dept/finaid/site/faq/index.html#faq_1)</p>
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<p>Asking the FA office directly, although in “Paying for College without Going Broke” by Kalman Chany, Princeton Review, he references it being at 2.4 times annual income. It just depends on the school with things like home equity, medical expenses, tuition paid for applicant’s younger siblings for private school etc. I have seen where medical expenses must exceed 15% of your AGI in order to get an allowance for them! I have also seen 5% used and 3.5% used. So the Instititutional Method (IM) formula does have some quirks!</p>