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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Those schools are losing hundreds of millions in cuts so I doubt they will give you anything.[/quote]

And their endowments have taken the same market hit as op. Plus they are eyeballing possible taxes on their endowments.

You can always ask, but I wouldn’t expect anything more than empathy. [/quote]
These schools need to stop forcing parents to subsidize other people and drops prices across the board[/quote]

during an accepted students yale info session, they said it costs them 140k a year per student. so everyone is subsidized to one extent or another. and full pay aren't paying for any other student. [/quote]Then they should raise the prices to $140k/yr , no finaid. let the market decide.[/quote]

Agreed. As a donut hole person I am very bitter about the whole thing. Made huge sacrifices my whole life to be fiscally responsible and save and I get nothing. People saved nothing to take fancy trips and drive ridiculous cars and have more kids than they can afford and they are getting money left and right. I don't think there should be allowances for multiple kids - shouldn't have had more kids than you could afford. I am more supportive of helping those who truly have need but that bar has crept up a lot. If you can't afford it, go to State U and let your the next generation prosper.[/quote]

I would love to see a whole new calculator:

Send us 7 years of tax returns. You have to have those anyway. So it's not really what you saved or didn't, it's what you could have. We'll take x% of income per year in the could have saved. That's box A

Then we'll use most recent tax returns for income. What you can cash flow. That's box B.

Then I dont care if your net worth is in home, car, retirement, vanguard, 529. that's up to you.  but just add it up, and colleges take 1%. That's Box C

Colleges will use A, B, C to figure out FA[/quote]

Love it. Makes a lot of sense. And no discount for multiple kids (perhaps twins).[/quote]

How are you going to handle people like my BIL who works at a low-paying ostensibly full time job that is really a sinecure, but absolutely could do a high paying job (he has multiple advanced degrees and did fin in corporate America). He just prefers to drink beer and sit around the house. He doesn't spend that much, really, so looks deserving.  Then there is also the father of a friend who is disabled and looks the same as this on paper but has a chronic disease, so he really couldn't earn money.

I agree the system is broken but it's never going to be fair. 
[/quote]

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