Anonymous
Post 05/09/2025 03:08     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Anonymous wrote:Am I missing something? Most of the decent schools promise that they meet full demonstrated need and most only require no, or only a small student loan, in that need calculation package. For example:

Amherst: meets full need, no loans
BC: meets full need, no loans
BU: meets full need, max $5,500 loan
Emory: meets full need, no loan
Georgetown: meets full need, no max on loans
George Washington: does not meet full need
Johns Hopkins: meets full need, no loan
Northeastern: meets full need, max $5k loan
Northwestern: meets full need, no loan
Richmond: meets full need, max $6000 loan
Tufts: meets full need, max $2,000 loan
Villanova: does not meet full need
Wake Forest: meets full need, max $20,500 loan
Williams College: meets full need, no loans


This is usually for lower income. Those making $200-800k+ who didn't save are going to struggle.
Anonymous
Post 05/09/2025 02:19     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Anonymous wrote:Am I missing something? Most of the decent schools promise that they meet full demonstrated need and most only require no, or only a small student loan, in that need calculation package. For example:

Amherst: meets full need, no loans
BC: meets full need, no loans
BU: meets full need, max $5,500 loan
Emory: meets full need, no loan
Georgetown: meets full need, no max on loans
George Washington: does not meet full need
Johns Hopkins: meets full need, no loan
Northeastern: meets full need, max $5k loan
Northwestern: meets full need, no loan
Richmond: meets full need, max $6000 loan
Tufts: meets full need, max $2,000 loan
Villanova: does not meet full need
Wake Forest: meets full need, max $20,500 loan
Williams College: meets full need, no loans


These schools all determine full need according to their own formulas many include loans. Home equity is often an issue and younger siblings are not a consideration.
Anonymous
Post 05/09/2025 02:04     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Letting people take huge loans is not the anwser as many don't pay it back. Schools will have to change their business model and spending.
Anonymous
Post 05/09/2025 01:50     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Anonymous wrote:
Anonymous wrote:Am I missing something? Most of the decent schools promise that they meet full demonstrated need and most only require no, or only a small student loan, in that need calculation package. For example:

Amherst: meets full need, no loans
BC: meets full need, no loans
BU: meets full need, max $5,500 loan
Emory: meets full need, no loan
Georgetown: meets full need, no max on loans
George Washington: does not meet full need
Johns Hopkins: meets full need, no loan
Northeastern: meets full need, max $5k loan
Northwestern: meets full need, no loan
Richmond: meets full need, max $6000 loan
Tufts: meets full need, max $2,000 loan
Villanova: does not meet full need
Wake Forest: meets full need, max $20,500 loan
Williams College: meets full need, no loans


These schools still rely on Pell grants to make this possible.


Pell grants aren't impacted according to the above article. They're just mandating full time (or half time) attendance.
Anonymous
Post 05/09/2025 01:00     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Anonymous wrote:Am I missing something? Most of the decent schools promise that they meet full demonstrated need and most only require no, or only a small student loan, in that need calculation package. For example:

Amherst: meets full need, no loans
BC: meets full need, no loans
BU: meets full need, max $5,500 loan
Emory: meets full need, no loan
Georgetown: meets full need, no max on loans
George Washington: does not meet full need
Johns Hopkins: meets full need, no loan
Northeastern: meets full need, max $5k loan
Northwestern: meets full need, no loan
Richmond: meets full need, max $6000 loan
Tufts: meets full need, max $2,000 loan
Villanova: does not meet full need
Wake Forest: meets full need, max $20,500 loan
Williams College: meets full need, no loans


These schools still rely on Pell grants to make this possible.
Anonymous
Post 05/09/2025 00:11     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Am I missing something? Most of the decent schools promise that they meet full demonstrated need and most only require no, or only a small student loan, in that need calculation package. For example:

Amherst: meets full need, no loans
BC: meets full need, no loans
BU: meets full need, max $5,500 loan
Emory: meets full need, no loan
Georgetown: meets full need, no max on loans
George Washington: does not meet full need
Johns Hopkins: meets full need, no loan
Northeastern: meets full need, max $5k loan
Northwestern: meets full need, no loan
Richmond: meets full need, max $6000 loan
Tufts: meets full need, max $2,000 loan
Villanova: does not meet full need
Wake Forest: meets full need, max $20,500 loan
Williams College: meets full need, no loans
Anonymous
Post 05/08/2025 22:40     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Anonymous wrote:
Anonymous wrote:Is anyone following this?

https://www.npr.org/2025/04/30/nx-s1-5381149/trump-republicans-student-loan-repayment

This is far more than collecting student loans. It drastically reduces the amount of aid available, restricts loans to shut out many from private institutions and would likely bankrupt many institutions.


I think this is what’s going to bring the Republicans down. They’re messing with people’s *good* kids, for no good reason.


And/or one big hurricane carving a path through a bunch of red states with no FEMA to help with recovery. It’s gonna be ugly.
Anonymous
Post 05/08/2025 20:46     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Anonymous wrote:Is anyone following this?

https://www.npr.org/2025/04/30/nx-s1-5381149/trump-republicans-student-loan-repayment

This is far more than collecting student loans. It drastically reduces the amount of aid available, restricts loans to shut out many from private institutions and would likely bankrupt many institutions.


I think this is what’s going to bring the Republicans down. They’re messing with people’s *good* kids, for no good reason.
Anonymous
Post 05/08/2025 20:38     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Anonymous wrote:
Anonymous wrote:Yeah I don't know how higher (but not super rich) earners in VHCOL areas are supposed to pay for multiple kids to go to college. My plan was parent plus, the loans will end when I die. I don't have half a million per kid to send them. If this passes IDK where they can go.

In state publics. No one needs to attend a top private.

Tell them now, before they get far along in the college process, that they are merit hunting.


I agree with this, but I also think undergrad should be heavily subsidized for in-state students who can gain admission. You should be able to get a degree's worth of undergrad credits for free or nearly free - student should only pay for books, and perhaps specialty lab fees. But if you fail a class or change majors, you may need to buy additional course credits to earn a degree.

I attended a public land-grant university in the 1990s and my annual fees were something like $7k. It's much, much more expensive today - both because costs are being driven up, and because states stopping putting money into the system.
Anonymous
Post 05/08/2025 20:21     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Anonymous wrote:Yeah I don't know how higher (but not super rich) earners in VHCOL areas are supposed to pay for multiple kids to go to college. My plan was parent plus, the loans will end when I die. I don't have half a million per kid to send them. If this passes IDK where they can go.

In state publics. No one needs to attend a top private.

Tell them now, before they get far along in the college process, that they are merit hunting.
Anonymous
Post 05/08/2025 20:00     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Not perfect but much better than the current system.
Anonymous
Post 05/08/2025 19:51     Subject: Re:Financial aid and student loan upheaval in reconciliation bill impact
I hate that I'm saying this, but it might be a bit of a stopped clock moment. The current student loan system does drive up prices and is largely predatory. Making schools responsible for student default would create some better incentives.

This will restrict access when paired with cuts to funding, which is bad - but, a different administration (or rich donors) could turn that funding back on, without the baggage of student loans. And you can still take out regular personal loans that are dischargeable in bankruptcy.
Anonymous
Post 05/08/2025 19:34     Subject: Re:Financial aid and student loan upheaval in reconciliation bill impact
Yes. Trump, Elon and cronies don’t want people to be able to afford private education, that is for the billionaires. Elon was pissed to hear many Feds send their kids to private schools—- mind you these are 2-salary families for the most part both working and not living extravagantly.

But, yeah: how dare they?

I don’t get how so many people voted against their own best interests. They don’t like you- they just wanted your vote.
Anonymous
Post 05/08/2025 19:25     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Yeah I don't know how higher (but not super rich) earners in VHCOL areas are supposed to pay for multiple kids to go to college. My plan was parent plus, the loans will end when I die. I don't have half a million per kid to send them. If this passes IDK where they can go.
Anonymous
Post 05/08/2025 15:03     Subject: Financial aid and student loan upheaval in reconciliation bill impact
Is anyone following this?

https://www.npr.org/2025/04/30/nx-s1-5381149/trump-republicans-student-loan-repayment

This is far more than collecting student loans. It drastically reduces the amount of aid available, restricts loans to shut out many from private institutions and would likely bankrupt many institutions.