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Reply to "SAHMs with no retirement or college savings"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My mom was like this. It was really annoying. They then refused to pay for college but I had to pick up their tab due to the expected family contribution and due to my dad's income, I could not get grants. My dad was not loaded but had enough that I was not grant eligible. I took out private loans at 9% and had 70k in debt from undergrad in 1999. It really derailed my adult life. I did okay but I could have done better if I did not have that debt because I felt I could not consider professional school. It took all the joy out of my 20s...I worked 3 jobs until 33 to pay it off. I felt my mom was lazy and had no excuse. I will never every do that to my kids. I work full time and have since they were born.[/quote] You should’ve gone to a state school. [/quote] The cost was the same. I had a scholarship. I still had to pay their share and was not eligible for grants. I maxed out public loans but had to pay the deficit with high-interest private loans. I did the math. Transferring would not have saved money and would have me in college longer and cost more because 15 credits were not transferable. I was already a year into college when my parents stopped paying (I was already taking out loans)…,there was a deficit due to their income. I literally sat down with the public university financial aid office….it was not cheaper to transfer due to my partial scholarship. You do not understand college financial aid and how it works. [/quote]
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