<p>There’s nothing you can do. </p>
<p>Since those loans are too high, you either need to go to school at a CC or take a gap year and apply to schools that will be affordable. You’ll have the same issue when you go to transfer from a CC. </p>
<p>The point of FA is to provide aid for people who don’t have the income OR ASSETS. The second home probably has equity worth about $400k. Do your parents rent out that second home? If so, did they include the rental income on FAFSA as well? </p>
<p>Why did your family neglect to include that second home when they first did FAFSA? When people neglect to properly report their income/assets, it leads to problems like this. Here is is, the middle of July, and college decisions were made awhile ago based on an aid estmate provided after your family reported insufficient info.</p>