Interesting article regarding FAFSA rollout and problems, do you think Congress will act to correct?
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Anonymous
| Our FAFSA is still saying it is processing. |
Anonymous
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Absolutely yes to these corrections the article points out that need to be made:
*At a minimum, Congress should recognize that a family’s income and assets are spread among multiple students when they are enrolled in postsecondary education. The EFC had this right, and it should be restored. *In addition, income from child support should be treated the same as income from earnings when determining a parent’s ability to provide college tuition assistance. After all, child-support payments are supposed to be used to care for the child. *Since child-support payments recognize that both parents have a financial responsibility to their child, the income and assets of both parents should be considered in determining a student’s eligibility for aid. Many institutions that use the College Board’s financial aid methodology already require both parents to report assets and income, which is why many students who qualify for Pell Grants do not qualify for institutional aid |
Anonymous
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If a parent is paying child support those funds should go to college for that parent and that’s it.
If you have multiple kids, why should you get extra for lifestyle choices. |
Anonymous
Because we don’t live under a communist one-child policy? How does it makes sense for the government/a school to look at a family’s income and assets, determine that they can afford X amount toward education, and then somehow believe they can pay that amount for every kid? If you can only afford $50k toward education, there isn’t magically another $50k just because you had two kids. |
Anonymous
| We have twins (um not a lifestyle choice.) Our SAI numbers for the 2 kids is 63% of our gross income. |
Anonymous
Well, no. |
Anonymous
You're not meant to pay this from your annual income...that's why you started a 529 when they were born. |
Anonymous
| The SAI being that high with respect to income means they did save. |