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Why? Why do parents even have an expected contribution for college? I mean, if they want to help their kids out, then go for it, but why is the expectation that
by oh_sigh 4y ago
Why? Why do parents even have an expected contribution for college? I mean, if they want to help their kids out, then go for it, but why is the expectation that when one adult purchases a certain service, we analyze the finances of related adults to determine how much the service should cost. No other thing operates like that.
- prepend 4y agoI think most parents help their kids. For me, my parents had tax problems so I was unable to complete a FAFSA so I couldn’t get any aid that depended on the FAFSA. Although I don’t know a fix because if you had special situations for people like me, people would abuse it. I had a friend with divorced parents. The dad was pretty wealthy making like $500/year and paying the mom $100k/year in child support so the mom didn’t work and had like $3k tax returns from some part time job. She swore an affidavit that she received zero income from the dad and that the son was estranged from the dad. So the friend got a 100% needs based scholarship. It’s not like schools have an investigative arm to test claims.