Beth DeCarbo
speaker
144 appearances
3 recordings
1 series
first heard Aug 2019
last heard Sep 2021
Beth DeCarbo’s voice in public audio — every appearance, attributed to the second.
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Appearances
She lives in Washington State, and it's where real estate values have really skyrocketed in the past few years.
So American, as a starting point, looks at 100% of home equity.
So when they submitted the aid package, she found that she got a number that was far below what she was expecting in financial aid.
That's because they were looking at the full value of her home, the $700,000.
However, she appealed, which is a great tip for parents.
And it's a number that you feel like it doesn't accurately reflect your finances.
You contact the financial aid office, appeal the decision.
And as a result, they capped her home's value.
It resulted in her receiving an extra $6,000 in financial aid.
That's right.
They look at all assets.
I should be very clear.
It doesn't come down just to your home equity.
So they're looking at bank accounts and all of your assets, not just home equity.
If you feel like it's not a great representation of what your financial situation is, such as maybe there's been a medical emergency or a job loss that affects your outlook,
you can appeal.
And to do that, you contact the financial aid office and ask, what's your process to appeal the decision?
And usually it's a written letter in which you explain what the circumstances are, and they'll take it under consideration.
You should know that the schools really are willing to take an initial look and reconsider.
They evaluate each application individually.
Showing 81–100 of 144 · page 5 of 8
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