Appealing for Financial Aid

boots2
Tue, 08 Apr 2014 22:27:53 +0000

The way most places do financial aid is that they basically expect your family to be smart enough to not go sinking money into extra homes until after they’ve put all 3 of you through school. They figure your parents are comfortable taking out loans to pay because they’re already buying extra properties instead of saving up to pay for your school.

Put it this way, your parents probably could afford to pay the adjusted amount they gave you, they just chose to invest in what is considered a “luxury” item instead. I’m surprised their financial advisor didn’t warn them about this.