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College and University Discussion
Reply to "S/o don't financial aid offices penalize families who are capable of saving but who choose not to?"
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[quote=Anonymous]OP, most of the posts above about colleges not being able to tell the unwilling to save from the unable to save is true. And that's a good thing, really. Remember income has a much bigger effect on financial aid most places. What's a total myth (you'll be happy to know) is the idea that those don't don't save are better off when paying for college than those that do. Not only is that untrue, it's a pretty stupid idea, right? So not only will you have the moral high ground when you save, your kid will actually be able to attend college, while those that try and beat the system will be comforted by the knowledge that the lucky poors didn't beat them out of anything. Of course their kid won't actually BE at college, but they'll think they won anyway![/quote]
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