Reply to Affording College with HHI $100-$200k

Forum Index » College and University Discussion

Reply to "Affording College with HHI $100-$200k"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Like another poster, our income is so low that we'd qualify for financial aid, but our assets are high, so we don't.

I filled out the FAFSA and CSS anyway. DS got merit aid.[/quote]

If your assets are high, aren't they generating a decent amount of interest and/or dividends (or rental payments if properties) for you?  That's counted as income for tax purposes. [/quote]

I don’t have very many individual stocks w dividends and I picked etfs that don’t throw off income. I have mostly growth stocks so I have appreciation but no taxable income. [/quote]

But it is assets.  You are expected to use them for college.  Up to you if you do or not.  If you don't want to, then find a school you can afford.  [/quote]

our retirement system is set up in a way that I am limited in what I move into retirement by my low income.  And because in my 20 and 30s I flipped two properties (not earned income), I have most of my assets growing outside of retirement.

"But it is assets" I'd be 100% good with colleges looking at ALL your assets. Home, car, boat, retirement, vanguard account -- all of it -- and taking a percent. But I dont know why my money isn't considered retirement savings just because it's in one vanguard account and not another. I'm 52. That IS my retirement.

I dont understand why anyone's home is shielded either. WE could all borrow against that.  Factor it all in and take 3% of everything. [/quote]

College is not mandatory and a luxury.  If your parents cannot or refuse to pay, you don't go o take loans.  Sounds like you are stingy and selfish.  You own an expensive house, boat and other stuff and you think someone else should fund your children's college?[/quote]

Nope. I don’t own any of that. But guess what.  A boat isn’t counted. Your expensive house is sheltered.  Your stuff doesn’t count and neither does your retirement

I’m saying COUNT IT ALL[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics