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Reply to "Ivy Tuition for Upper Middle Class"

2019Dad posted:

Smitty is right that significant assets will alter the calculation, with two exceptions: (1) your primary residence is not counted; (2) retirement accounts are not counted. With those exceptions, from what I've read, they'll expect 5% of assets to be available for college expenses. So someone with, say, $1.5 million in non-retirement, non-primary-residence assets is not getting grants, even if their income is $0.

Your primary resident home equity counts for schools that use the CSS Profile, which is the majority of HA schools.  5.64% of your non-retirement goes toward your EFC.  If you're "upper middle class" based on the title of this thread, I would think you'd have some assets.

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