<p>Well JayJohnson, I will have to disagree with you…$100,000 BEFORE taxes may Seem like a lot of money, but it really depends on the situation…For example, if you have a mortgage, other expenses, 4 kids, with 2 in college, then it’s really not a lot of money.Especially if you are hoping and praying to get accepted into an IVY school.</p>
<p>Lets also keep in mind that there are some parents out there, that will refuse to pay for their kids education. I have a friend who’s parents make well over $100K a year, and told her after high school she is on her own…I felt really sorry for her because she really wants to go to a great college, and she did VERY well in HS but she also realizes that her parents make way too much money and won’t help finance her schooling. I told her that she would be better off going off on her own, making sure her parents DO not file for her on their taxes since they are cutting her off, and feeling out the FASA with JUST her info. The sucky part about this tho, is that they will have the right to claim her this year since they supported her in HS. So she might have to either take a year off, or go to community college while working to pay for that in the meantime…</p>
<p>I feel really bad for her,and I hate that she’s in this position. I am sure there are a lot of other kids that have experienced the same exact thing…</p>