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College and University Discussion
Reply to "What money is fair game for financial aid?"
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[quote=Anonymous]What pisses me off if that the assets assessment doesn't take into account where the family started, like most things in life. I couldn't start saving for my retirement till I paid off my student loans. And then I needed to save for a house down payment because my family can't help since they're living on a shoestring. And as soon as my kids were born we started saving for their school. Meanwhile, another family with our same HHI could have been saving for their own kid's school without having to pay student loans, so they saved more for school. They may have been gifted a house down payment. But we're all expected by the schools to contribute about the same amount, based on our incomes. Meanwhile, my retirement account is a fraction of theirs. [/quote]
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