Reply to Parents giving up custody of their kids to get need based financial aid

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[quote=Anonymous][quote=Anonymous]As I recall, the rules changed sometime in the ‘90s. When I was a student in the 80s, you could declare yourself independent if your parents provided no more than $700 a year in support and you did not live at home, even in the summers. Which I did on for myself after my parents informed me I was on own for college expenses. Independent status got me Pell grants and subsidized student loans. I covered the rest with scholarships and work. I can see why they closed that gap, but it certainly restricts options for kids from families with modest resources. [/quote]

Even a student that got maximum Pell grants would only have a small percentage of costs covered; and Illinois MAP only covers tuition and not cost of living.  So this is all pretty much a red herring when it comes to student who ACTUALLY need support to attend college.  They're going to end up in significant debt either way.  The answer is for states to better fund higher ed, not to chip away at the margins. [/quote]

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