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Reply to "Just Curious: Post if you have a Masters, Law or MD and your parents did not pay for college "
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[quote=Anonymous][quote=Anonymous]Did your parents have access to 1 Million a year in income or not ? Was your scholarship FA based , academic or athletic ? I am still waiting for some one to come on here and say, "yes, my parents were millionaire's and refused to pay/ or co-sign for a loan for college and had to work from age 18 on to pay all of rent, college tuition , etc..." I'd also like to know, if such a person posts, how they did it: how did you get a loan as a 17 year old with no credit history and no assets if parents refuse to co-sign ? How did you get PEll Grant to over look your parents 1 million dollar income on their joint fed tax return in which you were claimed as a dependent ? Do share.[/quote] You're not paying attention, are you? Several people have answered you that they took care of college on their own, but you seem unwilling to accept that response. How did I get loans at age 17 with no credit history and no assets? It was the standard federal govt loan programs run by Sallie Mae and some other organization. I can't recall the details since it was 25 years ago. I think my parents co-signed for me, but my recollection is that Sallie Mae would still give loans without a co-signer, but at a higher interest rate. The loans are paid directly to the colleges, so Sallie Mae is ensuring the borrower is not blowing the money on hookers and coke. I got Pell Grants because I wrote to Pell Foundation and explained that I had limited parental support. I guess they believed me enough to give me $500, but not enough to fund the other 98% of my college costs. Those I paid for with loans. Are you trying to claim college is impossible to afford unless parents are paying? If so, that's just false. You seem fixated on the $1m mark. Are you trying to argue that all students with wealthy parents are getting parental support? If so, that's false too.[/quote]
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