Falsifying Financial Status

[Anonymous]

Anonymous wrote:

Anonymous wrote:Most (all?) public universities and many private college will only count one parent's income if parent's are divorced. So some families have the parent who doesn't make enough claim custody. Relative was telling me that she pays nothing for her 3 kids to go to college. She expects 4th child will be free as well. She is divorced and her ex and father of the kids is a doctor who makes over $400k. Mother works part-time and all their kids have gotten free rides to public universities because they list that mother has primary custody.

The other huge glitch is that if you can somehow hide active income to be under 60K which many people who own businesses can do, you do NOT have to compete the assets section thanks to the Simplified Needs Test (SNT). This means savings, investments, or business value aren't considered in aid calculations if you meet these income/benefit criteria, streamlining the form.

My kid’s father and I are divorced, with me having primary custody and both of us had to provide our income information on the FAFSA.

Pretty sure FAFSA only requires both parents’ income when divorced if they live together.

The rule is to provide the income of the parent provides more financial support -- and if that parent is remarried, to also include that stepparent's information.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All these issues could be solved if college were free for 98% of families. The ultra-rich own enormous wealth and could easily cover everyone’s tuition.

Suggest you pay your own way instead of having a welfare mindset. Or emigrate out of the USA.

you could argue colleges now have a welfare mindset.

if I were in charge, these super-endowed colleges would be tuition-free with no aid for room and board. and there's a residency requirement (like now, for most). so everyone pays about 20k a year. no financial aid office at all. and it's totally reasonable to take 80k in loans for a t20 schools, these are in line with what kids took out in our day (80s and 90s) before loan amounts soared went crazy.

An undergrad student can't even take out 20k in loans. Federal max is like 27k across four years. Any private loans would require a co-signer with good credit (which many poor students don't have).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All these issues could be solved if college were free for 98% of families. The ultra-rich own enormous wealth and could easily cover everyone’s tuition.

Suggest you pay your own way instead of having a welfare mindset. Or emigrate out of the USA.

you could argue colleges now have a welfare mindset.

if I were in charge, these super-endowed colleges would be tuition-free with no aid for room and board. and there's a residency requirement (like now, for most). so everyone pays about 20k a year. no financial aid office at all. and it's totally reasonable to take 80k in loans for a t20 schools, these are in line with what kids took out in our day (80s and 90s) before loan amounts soared went crazy.

In other words, you want everyone who makes less than UMC folks to not afford these schools. (Middle class and lower middle class families also got aid in the 90s.) You just want to change the system to benefit yourself.

[Anonymous]

Honesty is for the rich.

[Anonymous]

Have you met the rich?