Can’t find it anywhere. Thanks in advance!
Here is a link that list schools that want CSS (you are best avoiding these schools if you are concerned about equity). I believe the only way to find out how much equity will alter aid is to look at each school’s NPC. https://profileonline.collegeboard.org/prf/PXRemotePartInstitutionServlet/PXRemotePartInstitutionServlet.srv
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This is a 2 year old article, but it may help you.
http://www.thecollegesolution.com/will-your-home-equity-hurt-financial-aid-chances/
http://www.thecollegesolution.com/will-your-home-equity-hurt-financial-aid-chances/
The information here is several years old, so use it with caution.
the list of css schools isn’t helpful for this. practically all the schools that give decent aid will require the css profile. the other article linked is good because it gives you a framework to use in doing your own research. you can go run the NPC for schools you’re interested in to see how home equity impacts FA. schools that used home equity to reduce need 2 years ago aren’t likely to have stopped that practice but you never know.
You need to check each school. Policies vary with regard to how much primary home equity Profile schools consider. Some don’t consider it at all. Some cap it at a %age of income. And some use all the home equity.
This is one of the reasons why financial aid awards vary so much between even schools that meet full need.
Can one actually call the FA office and ask or is it self explanitory when doing the NPC? @thumper1
Look on the website. Or call.
To be honest…you want that net price number…regardless of how much home equity they count!
Just remember…if parents are divorced, own a business, are self employed, or own property other than the primary residence…the NPC might not be accurate.
One suggestion might be to try plugging in different numbers when playing with net price calculators.
I tried to do a search about the “568 Consensus” group that used to cap home equity at 1.2 times the annual salary in determining need, but I didn’t come up with much other than the list of schools that belong to it:
568 Presidents Group Member Institutions
Amherst College
Boston College
Claremont McKenna College
College of the Holy Cross
Columbia University
Cornell University
Dartmouth College
Davidson College
Duke University
Georgetown University
Grinnell College
Haverford College
Massachusetts Institute of Technology
Middlebury College
Northwestern University
Pomona College
Rice University
St. John’s College
Swarthmore College
University of Notre Dame
University of Pennsylvania
Vanderbilt University
Wellesley College
Williams College
Beyond that, if memory serves Harvard and Whitman were used to cut more slack about equity than some other schools did.
from http://www.forbes.com/sites/troyonink/2016/01/30/2016-guide-to-college-financial-aid-the-fafsa-and-css-profile/#975b2524a453
This article is dated Jan 30, 2016 .
(FM is Federal Methodology, IM is Institutional Methodology, and CM is the Consensus Methodology of the 568 Presidents’ Group)
Google, google, and google some more…
Thank you all sooooo much!
There are many public and some private schools that use only FAFSA