<p>^^^</p>
<p>True…no equity to add to assets.</p>
<p>But if you’re upside down, I don’t see why that would get you **more **consideration then if your home was worth about the same as what you owe. It sounds like the OP thinks that schools will take that under some kind of special consideration. I’m not sure they will. They just won’t have equity to consider…just like renters.</p>
<p>I don’t think you’ll get additional consideration for being upside down (owing more than it’s worth).</p>