To be as concise as possible, I will soon be inheriting my late mother's large property. This will not be my primary residence as I am attending out-of-state, and I would be a co-owner with my sibling (who will be living in the home). I have already filed FAFSA for this upcoming year, which calculated my EFC to be zero. Will having this property under my name significantly affect my ability to receive financial aid next year?
I have searched in the forum for answers, but everything I've read discusses primary residences, and I do know that those are not taken into account for financial aid. I plan to rent an apartment in the city that I will be going to school.
I am honestly clueless about what to expect in this situation, and I truly appreciate any insight and advice that anyone can offer!
I have searched in the forum for answers, but everything I've read discusses primary residences, and I do know that those are not taken into account for financial aid. I plan to rent an apartment in the city that I will be going to school.
I am honestly clueless about what to expect in this situation, and I truly appreciate any insight and advice that anyone can offer!