I recently went through the net price calculator of several of my top schools that are suppose to meet 100% of demonstrated need. However, when I looked at the cost of Brandeis, I saw that it was proportionally much larger than the other schools that I was looking at. It was about 25k which to me is impossible to pay.
My mom is a widow and makes only about $40,000 for a family of 5. After looking at why the amount is so high, I found that Brandeis calculates home equity at a high rate. The home is valued at around $350,000, but was bought almost 25 years ago at less than $150,000.
Is there anyway to counter this after receiving a financial aid package? Also, is it possible that they would take in account how long ago my parents bought their house?
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