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College and University Discussion
Reply to "Is college aid process biased against prudent savers?"
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[quote=Anonymous]Yes, my husband + I stayed married, saved a lot, lived in a tiny place and did all other kind of scrimping because we came from poor families to be able to send our kid to a very top university. We've also always had one car. None of these things favor the middle/upper middle class family of old fashioned prudent savers. It's the same thing for when you get old...some people cheat and transfer assets to their kids so they don't lose all of their funds to emergency health issues or whatever. States have passed laws to track some of these transfers, but the smart people tranfer funds early to avoid the law. Honesty isn't really the best policy.[/quote]
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