Would my family recently selling our old home disqualify me?
Context: My parents are filed for divorce last month so they’re selling our ~340k value home. I have one sibling and we’ll be living with our ~20k annual income parent. Combined my parents make ~62k a year. They own no other properties and neither of us are buying new homes. Instead my family is giving us their home they just moved out of, so we are “renting” it for $0. My other parent’s the same.
The 340k is being split between both parents, and I would really like to know if this liquidated asset would immediately disqualify me from QuestBridge as a first-generation college student. And well, I can guarantee that stash of money will NOT remain with how the four figure debt my parent is in…(however they are non compliant and refuse to share exact details and documentation).