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College and University Discussion
Reply to "Did you folks not do ANY saving?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]"All these things, and many more, can be the reason why a UMC family hasn’t saved for college." All true. My question would be why they consider themselves UMC? If they have the income, they may be UMC someday but not yet because they could always lose their job or end up in a major car accident or have a long term medical problem.[/quote] The problem is the OP made the inference that they all who are looking for this aid who are not lower income and thus eligible for Pell grants etc. are all a bunch of UMC complainers who were frivolous in their spending (which following posters are arguing isn't true). The bulk of the financial aid system focuses on current HHI, not COL nor cost of education that is required to get the HHI nor history of unemployment prior to current income. The donut hole for public colleges which are far more expensive than they used to be can start at below 100k HHI, which doesn't give a lot of slack in the DMV area.Private colleges actually look at these factors more thus people looking for alternate strategies. [/quote] OP may be assuming the people posting about college are the same people making most of the income posts on DCUM (almost nobody under $250k HHI, "anyone with a college degree should be making six figures," etc). [/quote]
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