<p>“Credit card debt isn’t considered by the formulas. Nor are rent or monthly mortgage payments. (Mortgage debt is considered when considering calculating home equity for Profile, for for FAFSA if a second residence).”</p>
<p>sblake7, I understand that credit card debt is not considered and mortage is considered for home-equity. My question was how would a renter pay mortgage. Being a renter, one would pay renter (unless such renter owns a house paying mortgage but lives in a rented accomodation). </p>
<p>thanks for your note.</p>