Reply to Financial advisors who specialize in FAFSA etc?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yeah, OP is willing to spend thousands on a financial advisor but not willing to pay what she owes for her kid's education. [/quote]

"What you owe" is so completely arbitrary and the process is so opaque that the concept is meaningless. Two people with the same income and assets can end up with wildly different aid offers for reasons that neither party will ever know. If your kid gets a free ride because this year they want female flute players but my kid has to pay full price because they already have enough male Eagle Scouts, does that mean you didn't "pay what you owe" but I did? [/quote]

You are really stretching it. OP is talking about strategically rearranging or reporting/not reporting her true assets so she can transfer the burden of paying to some other families. It's also know as "gaming" the system. If that doesn't bother you, then you have a deeper issue. [/quote]

Not PP you replied to, but the point is that you can't really hide your assets. 
You can rearrange your assets only on the edges, and it likely won't make much a difference.

I commend OP for confirming this with a financial advisor, because it's better to KNOW, than to read the jealous stupidity and aggression on DCUM. Moreover, [b]OP might indeed fall into the minuscule number of cases where LEGAL re-arrangement might make a difference[/b] - and that would be ethically fine. It would be silly not to try. Anyone of you would surely try to minimize college costs if you could legally do so!!! :-)

So stop being so nasty. Good Lord.
[/quote]

Highly unlikely.  People like that already have a financial planning team and lawyers working with them for years; they don't need to ask internet advice for an advisor "specializing" in paying for college.  This is not how it works, you have to be looking at the whole financial picture long term.[/quote]

What a stupid comment. I'm not the OP but I am a single parent with some financial struggles and a very complicated financial situation due to my divorce. It's unlikely that that financial advisor could advise me to do something that could really help me???? Plenty of people would benefit from this who no, do not have a financial planning team and lawyers. FFS. Not everyone is you. I know a housekeeper who got to the point where she wanted to invest and opened a brokerage account-- not a retirement account. She has HS kids and that money will be fair game. It's not a miniscule number of people.[/quote]

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