Will owning a condo affect my med school fin

[MT2MD]

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Hello, I am a non-traditional (25yrs) that will be applying to medical school soon. My mother is buying a condo soon and because of family reason, my name will also be included in the deed. How will this affect my medical school financial aid. I will not be the one paying the mortgage. This will be the only property we own.

- I tried searching on the site but the latest thread was from 2007, just wanted to get so updated info. Thanks

 

[Phlame217]

Since stafford loans aren't affected by credit, then they won't. If you have to get Grad Plus loans, then they require credit approval. My wife and I purchased a house Feb of 2011 and it hasn't had any effects on my loans.

 

[plauto]

I believe that FAFSA does not care whether you own a place or not, so your fin aid package should not be affected.

 

[TMP-SMX]

Financial assets are counted. Not real estate.