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by LigmaYC
1495 days ago
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>Your net worth will be lower next year, and they'll consider that I was just giving an example to demonstrate how bad their calculator pricing was (280k fees < 250k savings without selling house) if you wanted to make it more realistic I would also take into account that my investments grow too. >Their goal is to charge you the most you are able to pay, and someone with $250k in savings is able to pay $70k. Seems pretty bad to me. Wouldn't pay 7k/year for BU, much less 70k. |
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Sorry, are you saying the net worth you put into the calculator was more than $250k? Then $70k is even less surprising!
(If colleges ignored home values you could put your $250k into repaying your mortgage faster and report having no savings. They'd charge you $0. And if you needed money later you could borrow against the value of the house.)