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College and University Discussion
Reply to "Donut hole reality "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The way siblings are calculated for financial aid completely changed. We have kids one grade level apart. We always thought our oldest might be interested in a gap year so we really thought we would have two kids in college during the same 4 year period. That is what we planned for and unfortunately for us the way financial aid is calculated has completely changed and we are now expected to pay double what we thought, which we are unable to do. So sometimes you plan but the parameters fundamentally change. So if you have multiple kids in college and are expecting some aid, start calculating again. [/quote] This. I think it's disgusting that FAFSA changed this.[/quote] No, it’s fair. You should not get rewarded for multiple kids. [/quote] But if people are supposed to be saving from birth, then people with already-born kids are in trouble with this change, and may not have time to catch up. My kids are 5 years apart (we literally couldn't afford 2 in day care at the same time, much less college), so I have no dog in this fight, but it's very obvious to anyone how huge a change this is.[/quote] My kids are 4+ years apart, partly so that only 1 would be in college at the same time. Some of us do plan for these things. Others have 3 kids under 4 and that means mostly having 2+ in college at same time (and at least 1-2 years with 3). If you choose that, you need to plan and save. [/quote]
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