Reply to FA shouldn't go to people with 1 million dollar houses

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Reply to "FA shouldn't go to people with 1 million dollar houses"

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[quote=Anonymous]12:00, I worry for the same reason I worry about any inefficiency.  Why worry about who gets welfare? Because there is an envelope of resources available for welfare, and you want to ensure that it goes to the most needy, if possible.  Why worry about financial aid going to a rich family?  Because it means someone else is getting less, someone else who truly needs it.

There was a thread titled, "Did anyone get FA this year?"  It is so sad how many families have been locked out of the system.  I would be interested in going back to those posters and asking them the price of their house.

As for those who think you can't know everything by the house value, that is true.  But I would argue, you actually have in front of you the largest wealth most people will ever acquire.  It is not like complaining about some family taking a vacation.  This is the biggest expenditure most families will make, so it certainly is an important indicator.  To act as if you know nothing from a house value is naive.

I came from a family with a single mom earning an elementary school teacher's salary.  My sisters and I all went to Ivy League schools because of the availability of generous financial aid, aid which has steadily gone down year after year.  I want nothing more than to see financial aid be well targeted.[/quote]

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