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Reply to "Did you folks not do ANY saving?"

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[quote=Anonymous][quote=Anonymous]Everything you are saying is wrong -- starting with your perspective.

You are viewing as and comparing a college admissions transaction to a commodity.  That's not what's going on here.

Colleges are not "charging you more" -- they are offering a discount to a student because if they don't, they can't get him, and they want him.  You are saying "I should pay the same as those less fortunate, and if the less fortunate can't attend the college, then so be it."

The good news is the colleges get to decide what they do.  If you don't like they way they do it, don't attend.  There are plenty of colleges that offer no or little financial aid.  Attend one of those if you insist everyone pay the same.[/quote]

That's just silly.  College provide a service, and admissions is a transaction to buy this service.  Nothing more. (What more do you think it is in your imagination? A summary judgment about people's saving behavior over the last couple of decade before their children attend college?)

"Discount to get a student?" That would be merit aid, which this discussion is not about.  EFC is not related to merit aid.

The fact that colleges get to decide is actually the bad news.  Fortunately, this is less the case for state schools, at least inasmuch as the ceiling they can charge is concerned, but private colleges could probably benefit from more regulation. For instance, mortgages are regulated because otherwise one group of people would be constantly overcharged.

Address the problem raised by PP, which is the inequity induced by counting assets, which penalizes saving for college, particularly for certain income groups. Why should the scrimping $90k family be worse off than the $90k who couldn't or chose not to save?  Answer this.

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