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I have a HS Junior and haven't started the financial paperwork process for his college choices yet.

I owe about 50K on a 150K house and owe nothing else.

Friends tell me I've got to increase my dept or I won't get much financial assistance.

Do private or state colleges take into account outstanding auto loans when they compute any additional financial assistance they might be willing to offer you?

My two Autos are in need of replacement. I'm trying to decide how much I should spend (new vs.used).

Also, any other suggestions would be appreciated!


The EDMer
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