What pct/amt of house/IRA is exempt in calc'ing EFC?

Paying for College
1

<p>I understand that FAFSA only starts counting financial assets after a certain threshold is reached - a threshold based on age of the oldest parent (I, the older, am 50, so it is around $50k, right?). </p>

<p>two questions:</p>

<p>1) Does typical Institutional Methodology (IM) also start counting at that threshold that FAFSA uses? In other words, does IM protect assets, too, in the same way as FAFSA (FM) does?</p>

<p>2) I know FAFSA wholly excludes the value of the home as well as any IRA/qualified retirement acct value, but I believe IM DOES factor in the value of a home as well as IRA/retirement accounts. So does IM protect a certain amt or a pct of the value of a home and an IRA?</p>

2

<p>The IM thing goes on a school by school basis, when my kids were applying our home equity precluded attendance at IM schools, now many top schools limit HE factored in by a percentage of income, so it is very much an individual school decision, you might either post on the board of the schools or contact them</p>