Undergraduate > Graduate Loans

Ult2011
Mon, 19 Jul 2010 14:39:53 +0000

I don’t mean to offend anyone, but find it odd that lots of parents say they will help with expenses but don’t specify exactly what level that support will be and have never actually saved any significant amount of money for their kid’s education…why is that?



It seems to me that if my parents had saved a significant amount, it would only show up to the institutions that we would have more to pay (i.e. EFC). In which case, would only result in less financial aid being offered in the first place? This whole financial aid system almost seems to benefit those who work LESS. A couple of years ago, my mom went on disability for a few months and because of that, she made a lot less. Its strange that I wish that we could use THAT year’s income to determine EFC.

Technically, if she had saved more - we’d get less? It’s almost as if she should work less, so that we’ll get more. I’m not saying I like it this way - just rather everyone who describes that financial aid process to me makes it seem this way.

Oh, and Sk8r - I understand most of your post and thank you for putting it into that perspective. It was just that first thing you said that I’m wondering about.

I almost wish we had a lot less money than we do (just in terms of applying for FA).