Welcome to College Confidential!

The leading college-bound community on the web

Sign Up For Free

Join for FREE, and start talking with other members, weighing in on community discussions, and more.

Also, by registering and logging in you'll see fewer ads and pesky welcome messages (like this one!)

As a CC member, you can:

  • Reply to threads, and start your own.
  • Post reviews of your campus visits.
  • Find hundreds of pages of informative articles.
  • Search from over 3 million scholarships.

what happens if parents refuse to pay for child?


Replies to: what happens if parents refuse to pay for child?

  • britboynybritboyny Registered User Posts: 11 New Member
    edited May 16
    College isnt free in the UK - its paid for with taxes. The more you earn the more you pay. in some ways the more successful you are the more university will cost you. If I "accepted the policies" this would still be be a british colony (with "free" college"). Discussion is good . Acceptance is part of the problem.
  • turtletimeturtletime Registered User Posts: 1,180 Senior Member
    The choices aren’t Princeton or State school, necessarily. Nothing wrong with a good state school but I recognize that the model doesn’t fit everyone’s way of learning. There are some really great liberal arts colleges a tier down that have large merit opportunities for highest caliber students. They are competitive but if your child got into Princeton, they should be in the running. Certainly, they won’t be alone in ability at one of these schools as almost everyone has to consider financials. I’d encourage a gap year and reapply if there are no more affordable options on the table.

    I know that 250k may not feel like a lot in your area but living in an expensive area is ultimately a choice and not a choice that colleges recognize as a hardship.
  • lookingforwardlookingforward Registered User Posts: 29,986 Senior Member
    Well, back when we were a colony, no free college.
    But is this comparison now the point?
    You understand the basic of FA, various terms, how determinations are made? Nowadays, affordability is the companion to the college search. One does need to pay his/her share.
  • jym626jym626 Registered User Posts: 55,816 Senior Member
    edited May 16
    That makes no sense @britboyny . If you want to still fight the revolutionary war, go right ahead. You lived abroad and unless you were an expat here paying US taxes, what do you think you are entitled to in the way of the US paying for your kids' education?

    This has been discussed an nauseam on CC. Perhaps researching this discussion from past threads might be helpful. Bottom line- this isn't 1775 and even then the colleges in existence in the US were likely not free.

    Those who do not have the financial ability to save for college are those more deserving of "need-based aid". Those who shelter their finances to try to get educational funding they really aren't entitled to (not saying you- just musing in general as there have been posters in the past who bragged about appearing "dirt poor" when they were anything but), make my stomach turn.
  • thumper1thumper1 Registered User Posts: 72,316 Senior Member
    we have the money in a 529 for the first year. We have a 401K. Im hoping neither of these were detrimental to us getting no financial/merit help because that would be a sad disincentive to be responsible

    The amount IN that 529 is considered an asset. So, you have 70,000 or so more in savings...right. Do you also have 529 accounts in your name for siblings? If so, the amounts in those accounts are considered your assets as well.

    @BelknapPoint can explain this better than I can.

    In terms of retirement...how much did you and your wife contribute to your pretax retirement accounts in 2016? Those contributions are added back in as income...so...did you and your wife each contribute $25,000 because that would total $50,000 added to your income for financial aid calculation purposes

    The balance IN those retirement accounts is asked for, but is not used in the need based financial aid calculation.
    I was really interested in what happens if a parent refuses to financially help a child go to college. Do they lose the opportunity? Do they have to wait until they are 21?

    If the parent refuses to pay, the student cannot attend the college. Period. Period...and that has been said numerous times on this thread. No college cares that a parent says they won’t pay. The college isn’t going to increase your kids aid because you say you won’t pay.

    Wait until 21? Actually, to be independent for financial aid purposes, the student needs to be 24 (or he can be an orphan, ward of the state, military veteran, married, supporting a minor child).
  • lookingforwardlookingforward Registered User Posts: 29,986 Senior Member
    Yes. Families making large amounts have choices how they spend that. OP is not the first to say, but our income is allocated in other ways, to other discretionary choices.
  • jym626jym626 Registered User Posts: 55,816 Senior Member
    edited May 16
    So Brits with no kids or none attending college are paying for others to attend college. Happy with that?
    Princeton is a private school. It costs to attend. Just like your mortgage or your car, if you don’t pay for it, you typically lose it (let’s not get into some state bankruptcy laws. That’s off topic).
  • Erin's DadErin's Dad Super Moderator Posts: 35,915 Super Moderator
    Moderator's Note: It seems the OP's question has been answered and we are just rehashing. If other questions come up please post a new thread. Closing this one.
This discussion has been closed.