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Ah yes, that program. I tried to get in, but my parents made too much, so I didn't qualify. Did they share their significant income with me? Hah NO. Did they c
by pierat 3y ago
Ah yes, that program. I tried to get in, but my parents made too much, so I didn't qualify.
Did they share their significant income with me? Hah NO. Did they contribute to any college? $2000. Oh wait, that was from my grandpa's will.
My income was like $15000/yr, from working at a Subway. Real big wage earner. But nope, my worthless parents made bank so I didn't get any help to succeed.
Fuck the whole "well your parents are rich so you also must be".
- IronWolve 3y agoThis is also an issue for student loans...
- pierat 3y agoIf it wasn't for my SO and their parents, I'd leave to a decent country. This place blows. So many anti-rich person policies and laws that basically criminalize poverty. Then again, I need money to leave. And getting rid of citizenship costs $2500 IF you don't have any loans. If you have student loans, you're just fucked.
- okaram 3y agoOnly if you want to come back ... If not, you can leave and ignore everything ;)
- rcbdev 3y agoAren't Americans on the hook for global taxation?
- blissfulresup 3y agoYou’d also owe taxes for 10 years after renouncing
- blissfulresup 3y agoYou’d also owe US taxes for 10 years after renouncing
- jmartrican 3y agowow, that is a good point. just cause your patents have loot, doesn't mean you are getting helped by them.
- deleted 3y ago[deleted]
- tshaddox 3y agoOh man, the Free Application for Federal Student Aid (FAFSA) form was pretty brutal too for getting federal aid for college. My parents intended to (and indeed did) help me with paying for college, and their income was very modest by FAFSA's own standards. But my parents had a decent chunk of money for their own (also modest) retirement, and FAFSA plugs that into the "expected family contribution" which significantly affects your eligibility for aid. I guess I could kinda see some argument for that, like "because your parents have secured some financial stability for their own retirement, they should be able to contribute more towards college now," but it still seems kinda odd that a kid from a family with the same income but less saved for retirement would get more financial aid.
- dragonwriter 3y agoWhy does it seem odd that assets as well as income would be factored in to conputation of ability to pay?
- dwiel 3y agoIts obvious why it is set up this way. That said, it can be hard to see other people who make the same wage, spend it all on fancy cars and a bigger house get more aid when you've been living modestly and saving resulting in less aid.
- tshaddox 3y agoBecause the thing being calculated is the expected family contribution. I wouldn’t expect investments for retirement to be used to contribute to a child’s education.
- deleted 3y ago[deleted]
- Dylan16807 3y agoThe problem is when the assets are derived from the income. In a situation with a stable income, saving money has an effect similar to the money getting counted twice. If two very similar families start with the same assets, and then have the same income for fifteen years, they should get the same aid. If there was some external windfall, by all means expect some of that to go to college payments. But if a family simply spent less, why should that increase expected payment?
- deleted 3y ago[deleted]
- aidenn0 3y agoHappened to a friend of mine with the FAFSA. Her parents didn't want her to go to college, so provided no money and even refused to fill out the FAFSA. Fortunately she was able to work something out with the senior administration of one of the colleges she was admitted to. I understand why they take parents income into account; it makes sense for the majority, but it's pretty impressive how badly your parents can legally screw over your life after you are legally an adult.