Financial advisors who specialize in FAFSA etc?

[Anonymous]

Anonymous wrote:OP's rudeness rankles, but, as someone who attended college on near total FA (grants, merit, + loans), I'm annoyed when someone has enough money to pay an advisor to figure out how to save more money. Just feels like if you have the ability to pay, you should pay. I am now fortunate to be full pay for our DCs and we are going to pay. One got a modest merit award, so congrats to that DC. But I'm not going to pay someone to figure out how to game the system.

And the folks who come on here with their modest incomes in addition to trust funds - they want aid to preserve their inheritance. I kinda get it, but you are really a minority when most folks with modest incomes don't have two nickels to their name. Strongly suggest you not share your hardship because it is gonna go over like a lead balloon.

GL to everyone else trying to figure it out.

So they should turn it all over to Harvard with their $53 billion plus endowment and go back to living on their $90k salary with no more inheritance from their parents who died young?

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP's rudeness rankles, but, as someone who attended college on near total FA (grants, merit, + loans), I'm annoyed when someone has enough money to pay an advisor to figure out how to save more money. Just feels like if you have the ability to pay, you should pay. I am now fortunate to be full pay for our DCs and we are going to pay. One got a modest merit award, so congrats to that DC. But I'm not going to pay someone to figure out how to game the system.

And the folks who come on here with their modest incomes in addition to trust funds - they want aid to preserve their inheritance. I kinda get it, but you are really a minority when most folks with modest incomes don't have two nickels to their name. Strongly suggest you not share your hardship because it is gonna go over like a lead balloon.

GL to everyone else trying to figure it out.

So they should turn it all over to Harvard with their $53 billion plus endowment and go back to living on their $90k salary with no more inheritance from their parents who died young?

Such a dumb post

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP's rudeness rankles, but, as someone who attended college on near total FA (grants, merit, + loans), I'm annoyed when someone has enough money to pay an advisor to figure out how to save more money. Just feels like if you have the ability to pay, you should pay. I am now fortunate to be full pay for our DCs and we are going to pay. One got a modest merit award, so congrats to that DC. But I'm not going to pay someone to figure out how to game the system.

And the folks who come on here with their modest incomes in addition to trust funds - they want aid to preserve their inheritance. I kinda get it, but you are really a minority when most folks with modest incomes don't have two nickels to their name. Strongly suggest you not share your hardship because it is gonna go over like a lead balloon.

GL to everyone else trying to figure it out.

So they should turn it all over to Harvard with their $53 billion plus endowment and go back to living on their $90k salary with no more inheritance from their parents who died young?

Such a dumb post

NP. Why?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP's rudeness rankles, but, as someone who attended college on near total FA (grants, merit, + loans), I'm annoyed when someone has enough money to pay an advisor to figure out how to save more money. Just feels like if you have the ability to pay, you should pay. I am now fortunate to be full pay for our DCs and we are going to pay. One got a modest merit award, so congrats to that DC. But I'm not going to pay someone to figure out how to game the system.

And the folks who come on here with their modest incomes in addition to trust funds - they want aid to preserve their inheritance. I kinda get it, but you are really a minority when most folks with modest incomes don't have two nickels to their name. Strongly suggest you not share your hardship because it is gonna go over like a lead balloon.

GL to everyone else trying to figure it out.

So they should turn it all over to Harvard with their $53 billion plus endowment and go back to living on their $90k salary with no more inheritance from their parents who died young?

Such a dumb post

How so? I changed some facts but based on real case. To be clear, the dead parents are the parents’ parents (applicant’s grandparents). If grandparents died after college graduation, the applicant would keep their inheritance but because grandparents died prematurely (but not tragically early), they lose almost all of it and then have to fully borrow for graduate school and end up with six figure debt. Restructuring the assets would lead to a different result. You’re telling me you wouldn’t do that?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP's rudeness rankles, but, as someone who attended college on near total FA (grants, merit, + loans), I'm annoyed when someone has enough money to pay an advisor to figure out how to save more money. Just feels like if you have the ability to pay, you should pay. I am now fortunate to be full pay for our DCs and we are going to pay. One got a modest merit award, so congrats to that DC. But I'm not going to pay someone to figure out how to game the system.

And the folks who come on here with their modest incomes in addition to trust funds - they want aid to preserve their inheritance. I kinda get it, but you are really a minority when most folks with modest incomes don't have two nickels to their name. Strongly suggest you not share your hardship because it is gonna go over like a lead balloon.

GL to everyone else trying to figure it out.

So they should turn it all over to Harvard with their $53 billion plus endowment and go back to living on their $90k salary with no more inheritance from their parents who died young?

Such a dumb post

How so? I changed some facts but based on real case. To be clear, the dead parents are the parents’ parents (applicant’s grandparents). If grandparents died after college graduation, the applicant would keep their inheritance but because grandparents died prematurely (but not tragically early), they lose almost all of it and then have to fully borrow for graduate school and end up with six figure debt. Restructuring the assets would lead to a different result. You’re telling me you wouldn’t do that?

I'm not saying I wouldn't try to figure out a more optimal outcome, but the ability to even be in this situation and not even recognize the privilege is always astounding. Mainly because most people graduating with debt DIDN'T INHERIT MONEY, TRAGEDY OR OTHERWISE. Most of us are helping our extending families while paying off the debt, so please, gain some perspective.

I am sorry for your loss and may they always be a blessing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP's rudeness rankles, but, as someone who attended college on near total FA (grants, merit, + loans), I'm annoyed when someone has enough money to pay an advisor to figure out how to save more money. Just feels like if you have the ability to pay, you should pay. I am now fortunate to be full pay for our DCs and we are going to pay. One got a modest merit award, so congrats to that DC. But I'm not going to pay someone to figure out how to game the system.

And the folks who come on here with their modest incomes in addition to trust funds - they want aid to preserve their inheritance. I kinda get it, but you are really a minority when most folks with modest incomes don't have two nickels to their name. Strongly suggest you not share your hardship because it is gonna go over like a lead balloon.

GL to everyone else trying to figure it out.

So they should turn it all over to Harvard with their $53 billion plus endowment and go back to living on their $90k salary with no more inheritance from their parents who died young?

Such a dumb post

NP. Why?

The expectation of attending Harvard along with the lack of awareness that there are plenty of institutions out there where the family would not need to spend Harvard-level money is shocking though never surprising.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP's rudeness rankles, but, as someone who attended college on near total FA (grants, merit, + loans), I'm annoyed when someone has enough money to pay an advisor to figure out how to save more money. Just feels like if you have the ability to pay, you should pay. I am now fortunate to be full pay for our DCs and we are going to pay. One got a modest merit award, so congrats to that DC. But I'm not going to pay someone to figure out how to game the system.

And the folks who come on here with their modest incomes in addition to trust funds - they want aid to preserve their inheritance. I kinda get it, but you are really a minority when most folks with modest incomes don't have two nickels to their name. Strongly suggest you not share your hardship because it is gonna go over like a lead balloon.

GL to everyone else trying to figure it out.

So they should turn it all over to Harvard with their $53 billion plus endowment and go back to living on their $90k salary with no more inheritance from their parents who died young?

Such a dumb post

How so? I changed some facts but based on real case. To be clear, the dead parents are the parents’ parents (applicant’s grandparents). If grandparents died after college graduation, the applicant would keep their inheritance but because grandparents died prematurely (but not tragically early), they lose almost all of it and then have to fully borrow for graduate school and end up with six figure debt. Restructuring the assets would lead to a different result. You’re telling me you wouldn’t do that?

I'm not saying I wouldn't try to figure out a more optimal outcome, but the ability to even be in this situation and not even recognize the privilege is always astounding. Mainly because most people graduating with debt DIDN'T INHERIT MONEY, TRAGEDY OR OTHERWISE. Most of us are helping our extending families while paying off the debt, so please, gain some perspective.

I am sorry for your loss and may they always be a blessing.

Oh, please. I graduated with a ton of school debt, work-study, etc. Trying like hell not to have my kids also spend 20 years paying off their student debts like we did. It hurt our career and life choices and our health. It’s gross you telling us we should just be grateful and stay in that cycle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP's rudeness rankles, but, as someone who attended college on near total FA (grants, merit, + loans), I'm annoyed when someone has enough money to pay an advisor to figure out how to save more money. Just feels like if you have the ability to pay, you should pay. I am now fortunate to be full pay for our DCs and we are going to pay. One got a modest merit award, so congrats to that DC. But I'm not going to pay someone to figure out how to game the system.

And the folks who come on here with their modest incomes in addition to trust funds - they want aid to preserve their inheritance. I kinda get it, but you are really a minority when most folks with modest incomes don't have two nickels to their name. Strongly suggest you not share your hardship because it is gonna go over like a lead balloon.

GL to everyone else trying to figure it out.

So they should turn it all over to Harvard with their $53 billion plus endowment and go back to living on their $90k salary with no more inheritance from their parents who died young?

Such a dumb post

How so? I changed some facts but based on real case. To be clear, the dead parents are the parents’ parents (applicant’s grandparents). If grandparents died after college graduation, the applicant would keep their inheritance but because grandparents died prematurely (but not tragically early), they lose almost all of it and then have to fully borrow for graduate school and end up with six figure debt. Restructuring the assets would lead to a different result. You’re telling me you wouldn’t do that?

Not an expert, but I don’t think home equity in your primary home or retirement savings count for FAFSA. Amp up the retirement savings and buy a big-ass house. That should help for schools that don’t consider home equity in the calculation.