Reply to People with $1.2M+ homes and getting significant financial aid

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Families who live in big houses and drive big cars but receive financial aid are usually those who own a business and have lost a lot of money, or have been laid off and took time to find a new job.[/quote]

This isn’t true. There are local privates who give aid to dual income families earning 500 per year and living in 1.7 + homes. It seems to be a game of debt. Overleveraged people. [/quote]

NP. Or families that the parents have not worked until recently and they have been getting a free ride for years not to mention their trips for the school paid.

It does not matter what their debt it. If they live in a house that is more than 1.25 million dollars they should under no circumstances receive aid. That means people living in apartments and smaller or equal homes working full time are basically paying for their kids' education. [/quote]

You have no idea why parents don't work.  Child care can be more than their income.  Caring for an elderly or sick family member.  Sick themselves.  I look very healthy but I'm not and you'd have no clue how bad I am doing.

If they have that kind of house or money, they should take a loan out or not get aid, but two separate issues. Being in debt should not be considered as its a lifestyle choice. [/quote]

Agree that many forms of debt are a lifestyle choice (e.g. credit cards). What about student loans? Loans taken out as students to allow for a college education, post-graduate, and residency education? This was an enabler to a higher income, and I feel that this should be considered when making a financial aid decision. In the case of doctors, many would not be doctors or have the related income without those student loans. Happy that this debt is factored in for financial aid. [/quote]

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