<p>How much do real estates have effect on financial aid at Columbia? My family has low income but owns few condos and building.</p>
<p>btw, just in case this matters, I'm a perm. resident in Canada, but Columbia is need-blind to us.</p>
<p>Real estate is calculated into total assets, so it will have an effect.</p>
<p>aid is mainly determined by income though not assets since they dont expect you to sell your house to afford college. however if these are rental properties (as in your parents are renting them out), which i’m assuming they are since why else would someone own “condos and buildings”, then that rent would be income.</p>
<p>“My family has low income but owns few condos and building.”</p>
<p>your primary residence is not included in your asset calculation for FA</p>
<p>“Real estate is calculated into total assets, so it will have an effect.”</p>
<p>Karot knows this, her family bought our new science building by selling a few ski-villages up in Aspen and donating to Alma, she would have been a without a college education otherwise.</p>
<p>I pay confidentialcoll to have sex with me. That’s how he affords college.</p>
<p>okay, yea thanks everyone.</p>
<p>What’s the chance of me getting financial aid with about 25k income and assets well over a million at Columbia?
I’ve asked this in finaid forum but thought I’d ask here, too.</p>
<p>All the 25k income comes from the small commercial building my dad owns and the condos are leased on deposit bases back in my country so I don’t know what he earns from that. My parents haven’t been working.</p>
<p>if the rental properties are managed as a business, then it is the net income (i.e. net of property manager salaries, mortgages on the properties, repairs, other expenses, etc) of that business that counts towards your family’s income. the gross rental receipts by themselves don’t factor in.</p>
<p>really it’s just based on what your family actually <em>makes</em>.</p>
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<p>Sounds like your parents have a nice tax shelter / scam going there… :-O</p>