@albert69 Post #60 I would not have minded donating to that girl so she could become a nun. She has “high” aspirations!
@PrimeMeridian Post #119 - Since most kids are still in high school when they are applying to college, I think that the fin aid rules were probably set up for the most common scenarios: 1) parents are paying for at least some of a child’s education, or 2) parents are at least involved in the decisionmaking about where the kid is going to college and how it will be financed. The other factor is that the FAFSA and CSS Profile forms are quite complex. Tax and investment information is requested. A young, inexperienced person would have a very difficult time understanding the forms. (They were daunting to me.)
People are considered legal adults at 18, but when it comes to financial issues (or the ability to legally drink a beer), there seem to be different ages for complete independence. My son could not rent a car under age 25, even when I said I would pay the bill and any damages. He could not get a credit card for more than $300 credit on his own at age 21, because he had no history of paying his own bills and no credit record. Even landlords of rental apartments verify credit these days, and he had none fresh out of college. He was fortunate because the landlords where he lived were willing to take his military pay statement in place of a credit check. Otherwise I would probably have had to co-sign the lease with him.
With the student loan debacle and kids not understanding interest and the long-term burden of taking on too much debt, I think that the fin aid program is probably set up to try to protect young people from making unwise decisions. Also, if a student is getting only partial fin aid, the college probably wants the parent involved so it knows the parent or guardian will be obligated to pay the balance of the school bill.
In cases where kids do not have involved parents, I don’t know how it all works. I am guessing that there are documents that can be completed to declare the child completely independent from his parents or a guardian, if he is 18. I am guessing that fin aid offices work with these types of kids. It would be hard for these kids to get outside private student loans without a credit record, but they could probably get the $5500 federal loan, and hopefully colleges would assign them work study and significant fin aid, since the kids would likely have no significant income or savings.
Since this topic has obviously struck a chord with me, I am creating a volunteer position for myself as I write - which would be to go to the poor public high schools around me (there are several) and see if any kids want help getting themselves into college and getting fin aid. Hopefully some kids (and their parents) would be interested. Hopefully some guidance counselors are already doing this…
The thought there are such selfish, lazy, uninvolved parents in the world is distressing. Other parents can just be clueless, maybe because no one in their social circles goes to college or cares about it.