Melrose Cares: Open Community Dialogue




Click here to report offensive or inappropriate posts.



Alderman & City Politics
Start a New Topic 
Author
Comment
View Entire Thread
Re: Is Melrose in debt? Can't pay its bills?

Wrong on Financial Aid
Actually, you are incorrect on one thing, the value of your home is not factored in determining federal financial aid. Less than 200 of the 5000+ schools in US may look at home equity, but not all do. Please stop with the scare tactics.
While the FAFSA does not factor home values in the equation, the CSS does! The CSS is a required form for nearly 400 not 200 schools most of which are private schools. BU, BC, Clark, Wheaton (MA), RPI, Sacret Heart, Stonehill and 392+ other schools all require the CSS and home equity absolutely impacts college funding negatively. Home equity on the CSS is considered cash in the bank, which we all know home equity is not.

Not at all a scare tactic, factual while yours is at best a half truth.