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Money and Finances
Reply to "Telling people to MYOB"
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[quote=Anonymous][quote=Anonymous]Even people who are full pay fill out the FAFSA, as we did, so that our kids could take out the unsubsidized federal loans. We wanted them to have teeth in the game, which we did, and now as grads they are taking responsibility for paying back the *relatively" small amounts, so I suspect that's what people are asking. It's a great way to start an 18-year-old on fiscal responsibility, establishing credit, getting a credit card, balancing accounts, getting first apartment, etc.[/quote] Not just for the unsub loans, but some state institutions will need them on record for any type of institutional aid, including merit grants/scholarships. So family's EFC is could be seven figures, but if the kid earned some scholarship money, a FAFSA record may still need to be on file with the school[/quote]
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