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Reply to "SAHMs with no retirement or college savings"
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[quote=Anonymous]"Yes. I picked up their tab. It is called an expected family contribution. Everyone has this. If your parents make no money, their expectation is $0. My parents had a little so there was no grants for me. I could get some stafford loans but that did not cover the cost of education at even a public school. I went to a private school that was cheaper than public due to a scholarship. I still had the deficit is what the federal govt. says my parents should pay. I could not say they would not pay and redo my financial aid package. I tried. Every student has an EFC. Most kids do not have to go to the bank to take out private loans because their parents refuse to pay. I was not eligible for more aid. It was their tab, according to the government. If my parents were low-income, I could have gotten pell grants and other grants to cover the cost. You do not understand financial aid. The kicker was that I got into a different college that gave me more scholarship money and they refused to let me go there, and then they stopped paying. Transferring would not work because I did not take that scholarship because it had expired because I did not enroll as a freshman. Having to get a 9% loan to cover the cost of what the federal government said they would contribute and would not give me more aid was their tab. Ballooning to 70k in 1999 was unheard of. That is what happens with private loans. Get off my case. They insisted on college and screwed me." Only clueless idiots would question this. It really pisses me off that so many UMC families screw their kids this way. I hate it when I've seen my friends doing it to their kids and it's made me distance myself from them because I find it to be so selfish and cruel. And yes, these are families with well educated moms who stay at home instead of doing their part over the years to sock away money for college. Their homes don't run any better than mine. In fact, mine is better organized and runs more smoothly.[/quote]
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