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College and University Discussion
Reply to "NY Times Article by Mother Who Invested in Child vs. Saving for College"
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[quote=Anonymous][quote=Anonymous]It is a ridiculous article. They have 6, yes SIX, kids and make under 50,000 dollars a year. There is no way they could save for college anyway with so many kids.[b] Their kids will get financial aid and they probably pay no federal taxes[/b]. The author has a 4 year degree that her grandparents paid for so she got to enjoy college while her kids will do work study and may have loans. [/quote] Recent college graduate here - my parents make about $60k a year and while I did get a good amount of aid in my freshman year, that dried up quickly and by the time I graduated I was receiving $0 in grants and the only "aid" I got was offered loans and federal work-study. This is all determined by FAFSA so it wouldn't have made a difference what school I attended. Second, I now make $51k/year and I can guarantee you that I pay plenty of federal taxes. You really have no idea what you're talking about. :roll:[/quote]
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