Reply to Financial Aid --- can anyone get unsubsidized federal loans? Kid's contribution to college costs?

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[quote=Anonymous]I wasn't planning to file the FAFSA because we have far too much in savings to get FA.

However, we have been thinking about what we might tell our first born (going to college in the fall) about what her obligation will be toward college costs.  My brother tells his kids that he will pay for 75% of the instate costs and they (his kids) have to come up with 25% via scholarships, work, or loans.  The idea being that he wants them to have some "skin in the game."  My DD does not have good enough grades to get scholarships.  We're actually just happy that she got into college! And that she actually wants to go!  (huge steps for her.)

Another friend tells her kids that they have to pay $X per year toward college costs.  The amount is something like $5000.

Re: unsubsidized federal loans -- are the offered to anyone?  Or do you have to qualify?

We are trying to figure out what our policy is going to be re: contributing to college costs.  If anyone can get unsubsidized loans (not private) for $3000, we'd probably be o.k. with that.  I'm just not sure we want to say "we'll pay for everything."

Is there an income/savings limit to qualify for unsubsidized loans?[/quote]

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