I am in a financial position to buy a house but my daughter will be going to college in 2012. I have excellent credit and a good income. How will a recent mortgage affect our borrowing ability for federal loans and her ability to qualify for need-based grants. I'm almost wondering if putting money into a down payment and going into debt on a house would be better than having a bunch of money sitting in a savings account when it comes time for colleges to decide who "needs" grant money.
Should I buy a house before my daughter applies for college financial aid?
- Thread starter PAT P
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