Reply to Sorry DCUM middle class, your kids are screwed for college

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[quote=Anonymous][quote=Anonymous]FAFSA  previously benefitted those who went on extravagant vacations and penalized those who scrimped to save. Not sure how new FAFSA works.

My friend ended up quitting her $70k  job 5 years before her kids went into college - they did the math with a financial planner and if all 3 of her kids were going to college determined they would almost all get a free ride without her salary and they could rely on her husbands only. She picked up off the books babysitting work and now with 3 kids in college figure they are ahead at least $200k by her NOT working.

Crazy…[/quote]

What colleges are we talking about?  I mean, literally, 97% of colleges won't give you a free ride at that income.  I assume the vast majority of kids even where your friend lives end up going to a regional state college where there is little aid for anyone.

I guess you have to be lucky enough to live in the middle of nowhere, earn in probably the top 3% of incomes for middle of nowhere, and have kids that can get accepted to Top 20 schools.

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