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Reply to "Am I a huge jerk if I don't save for college for my kid?"
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[quote=Anonymous]If you blow it on luxury items, fancy vacations, and flash cars, your child (and many others) will think you are a huge jerk when you tell the child there is nothing left for college. Incidentally, my parents did something like this and I had a very difficult time qualifying for financial aid (because my dad made so much). Your child's Financial Aid office will take into account your own financial situation when calculating need-based aid, and they won't consider your decision to buy luxuries a valid reason to award more aid to your child. If you don't save because you are truly struggling, and you need the money for food/shelter/necessities, you are not a huge jerk.[/quote]
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