<p>I don’t believe a FAFSA only school will help here. They will look at the $500K rental property and $100K in the market alone and come up with an EFC higher than the COA at any state school and too high for need based aid at FAFSA privates which don’t meet need anyway.</p>
<p>You might get a small amount from the most generous privates if they don’t consider primary home equity and depending on how they look at your business, but even at Harvard, it seems unlikely.</p>
<p>The bottom line is that most schools are going to see a million dollars plus in assets, which they will want 5.6% of each year. And keep in mind the first aid will be a student loan and work study at most schools. I don’t see getting a dime in grants here.</p>