Reply to My son applied to college without any assistance whatsoever. AMA

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I applied to college without assistance from my parents 20 years ago. Why do parents feel the need to help kids now? Is the process more complicated or is helicoptering just too ingrained? [/quote]

[b]Both of my kids applied for college, filled out FAFSA and paid for college themselves.  One is 24 and the other is graduating in May.  Both finished in four years.  Kids CAN be self-sufficient people![/quote][/b]

No child has the information needed to fill out the FAFSA unless their parents gave it to them.  As for the CSS, does your child know the year you purchased your house, the amount of mortgage left and its current value.  Does your child know the year of yours cars, what you paid for them, make model and whether or not they are paid off?  Even our CPA didn't know some of the answers.  We had to dig to find 20 year old house purchase records.[/quote]

W[b]hy would your CPA need to tell you that information? If you don't know the items listen in the above, you've got bigger fish to fry.[/quote][/b]

We've used the same CPA for 20+ years.  He has all the purchase records and cost-basis records for use when we sell.  For some reason he couldn't dig out the purchase records, date of purchase, etc., so I did.  We also used our accountant to help with the CSS.  There are terms in both the FAFSA and CSS that my husband didn't understand the meaning of so the CPA and accountant told him what to insert in the particular blanks.  Both FAFSA and CSS want to see the 2015 return done, which of course we haven't filed,, so the CPA drew up estimates based on the 2014 tax year.  All debt is to be reported as well.
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