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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My mom was like this. It was really annoying. They then refused to pay for college but [b]I had to pick up their tab[/b] due to the expected family contribution and due to my dad's income, I could not get grants. My dad was not loaded but had enough that I was not grant eligible. I took out private loans at 9% and had 70k in debt from undergrad in 1999.

It really derailed my adult life. I did okay but I could have done better if I did not have that debt because I felt I could not consider professional school. It took all the joy out of my 20s...I worked 3 jobs until 33 to pay it off.

I felt my mom was lazy and had no excuse.

I will never every do that to my kids.

I work full time and have since they were born.[/quote]

Wait.. YOU picked up THEIR tab? Entitled much?[/quote]

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. [/quote]

I’m so sorry OP! You still sound angry. I wish you luck.[/quote]

Of course I am angry. It changed the trajectory of my life and limited me from pursuing professional school (law or medicine). I had too much debt. I could not consider more. I had a $800 student loan payment at 21 with a BA. I barely speak to my parents now. I will never, ever do that to my kids (and the reason they cut me off...they are racist and found out about my boyfriend). This is not a forgivable thing. My kids are are on track to have college paid for.[/quote]
Girl, it's not your parents fault you took out all that money. Tuition at University of Maryland was $3,500 per year in 1995. You could have gone to a community college for much less. Having $70k of student debt in the 90s from just undergrad is no one's fault but your own. Like, you'd specifically have to TRY to have that much debt. Grow up. [/quote]

Aha and plenty of people do NOVA online at $1000 per 3 credits now and get employed by big companies. Then go get their masters at Ivy with earned income. Google founder went to UMD. I don't get it either [/quote]

There was no online education in 1995 to 1999 and I know this because I developed online courses when they started in 2004 and you’re still not understanding than expected family contribution is the same figure whether you go to a private school or a public school which is why they encourage families to apply for private schools because in many many cases it is actually cheaper than a public institution if you get a scholarship but that doesn’t usually include the cost of room and board that you were paying for even if you go to a public school ! Clearly none of you understand how college financial aid works or you had your parents pay so you don’t understand or your parents had no money so you were getting everything in grants and didn’t have to take out loans regardless most students do not have to take out private loans because they’re able to get federal loans based on their parents income. You are failing to understand that I could not get with other students could get because my parents made too much money and they are expected to pay a certain amount so I had to cover the cost it does not matter if the institution was public or private and like I said my private cost was cheaper than transferring to a public institution or I would’ve had to go to school longer due to lost credits and the tuition was virtually the same because of a scholarship. But it did not cover everything which is why I had to get private loans. If there are typos it’s because I’m talking into my phone and I’m not actually typing. [/quote]

You could still attend George Mason or Nova, then find a job and attend a grand program in parallel. All my foreign born piers/first generation immigrants did this and got masters with zero debt. They did live with families thus had zero living expenses. There were community colleges already back then

Could you have stayed at parents' home attending a community college? Did they kick you out? [/quote]

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