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College and University Discussion
Reply to "Who are these families with household incomes of $45k or $60k? $70k?"
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[quote=Anonymous][quote=Anonymous]When I went to college in 1980 I got Max financial Aid. Here was my stats. Dad died cancer two years earlier no insurance after a year long barrier. My mom made slightly under 9k income in 1979. Back then they gave you $3,000 off income per kid in college. My mom had three kids in college at same time plus I had a younger sister. So I reported zero income. My moms net worth was negative $20,000. She owned a small home as only asset but mortgage counted as debt. She had zero savings. I recall my guidance counselor joked you hit the jackpot! There were tons of kids like me. I am paying full freight all three of my kids and have literally paid millions in taxes since I graduated college. Full Financial aid is for kids like me and I pay full freight and income taxes now and hope it helps the poor kids of today get a college education [/quote] Good on you, and good for all of us. With one dead parent when I started college, I had a bit of assistance from social security. That opportunity was revoked. Thanks for your clear explanation.[/quote]
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