<p>For those with specific experience with Penn Financial Aid:</p>
<p>I am trying to make an estimate from the family income/median financial aid chart that Penn publishes on its website, and otherwise estimate FA to see if ED make sense - so I have a few questions (kid is now a junior in HS):</p>
<ol>
<li><p>Assume parent owns an LLC that owns 2 rental properties
a. - is valuation based on net value of properties or some kind of cash flow multiple?
b. - does Penn add depreciation expense back to income?
c. - does Penn look at LLC bank accounts as part of value of business?</p></li>
<li><p>Does Penn add parent 401k deferrals back to income?</p></li>
<li><p>Does Penn consider parent 401k and IRA balances as parent assets?</p></li>
<li><p>Does Penn look at home equity?</p></li>
<li><p>Does Penn consider a younger sibling's accounts (UTMA or 529) as parent assets when looking at the older sibling student?</p></li>
</ol>
<p>Thanks for any input - I will post in financial aid forum too.</p>