Have questions re: college tuition/loans for DD

We have done the same. My son is a senior in Univ and we had his money saved. The baby who is a HS senior also has her money sitting there. We have never filled out the FAFSA. I would never qualify. The baby will have most of her tuition paid for due to her grades, the HS that she attended, SAT and community service. WE DID NOT HAVE TO FILL OUT FAFSA.

You also live in Florida and because your children have/had good enough grades etc. they get something of a full-ride to state schools, correct? I think that's a good program, if we lived in Florida with my kid's grades and class ranking and test-scores she would get a full-ride to a Florida school too.

And for everyone who says the money should have been saved, sure I agree that is the best of all possible worlds, but well there are probably a lot of us out here who thought we did have the money saved but the stock market tanked and the real estate market tanked and many jobs were lost.

And some of our carefully-laid plans have had to change. Flinging statements about that everyone without the money to completely pay for college themselves (and to do that without any outside loans/grants), that all these people are irresponsible with money is irresponsible. Not everyone without the wherewithall for college spent their way through the past few decades like drunken sailors.

And, please, everyone who doesn't want to fill out the FAFSA?... Don't.
And everyone who wants to fill it out?... Do so.

If we all didn't care so much about our kids we wouldn't be so passionate about their choices and their futures and their happiness. I think we could probably all agree that we do indeed love our precious wonderful infuriating kids.

agnes!
 
Yes, and you're fine with your daughter using all that money for travel and drugs, if that's what she chooses.
Please point where I said I was FINE with my daughter chosing drugs! Prove that I said I was FINE with it.
No, what we understand is that the FAFSA is the ticket to MOST AID, and we don't understand why you'd close the door on MOST AID, leaving yourself only very few options.

Please prove it to us. Find us some links.
As I said to someone else I am not google and this is not a court. I have done the research and found many places where FAFSA was not required for merit/talent based aid. Want to find those places, you can go look it up.
 
You also live in Florida and because your children have/had good enough grades etc. they get something of a full-ride to state schools, correct?

agnes!

The Bright Futures Scholarship does not give a full ride. The highest award you can receive is $126 per credit hour. FSU charges $137.13 per credit hour as of fall 2009. Of course, room and board account for the biggest expense and that isn't covered by BF. Not that I would turn down the $126, even if it meant filling out the FAFSA. :rotfl:
 
The Bright Futures Scholarship does not give a full ride. The highest award you can receive is $126 per credit hour. FSU charges $137.13 per credit hour as of fall 2009. Of course, room and board account for the biggest expense and that isn't covered by BF. Not that I would turn down the $126, even if it meant filling out the FAFSA. :rotfl:

Ah, thanks. It's all so confusing, even perhaps to some of us who thought we were completely and utterly prepared...

agnes!
 

The DISboards found me, or I found them, who knows, twelve years ago. I was a freshman in college. Just a year earlier, I had been through this experience you guys are discussing.

For myself personally: I was the oldest of many kids in a family that could not possibly afford to send me to private college - even state school was a stretch. I was already a scholarship kid at a local private high school. That high school scholarship came about after my mother brought me in, I took the test, she bit her pride, and she point-blank asked for help to give me the opportunities she thought I needed. They acquiesced. A year later, she brought my sister. It could not have been easy. We weren't impoverished ... we just didn't have a spare $10K, like 95% of Americans, but my mother WANTED this for us. They said OK again.

So I applied to college. My mother, there but for the grace of God go she for the hours she spent and the extent of the effort she nobly made, sat at the kitchen table and filled out the FAFSA and hundreds of other pages of forms and never uttered a word of complaint. And then, almost like magic, they came, the thick packages full of documents came in the mail, and I was in, and the financial aid made it possible for me to go to my choice of a few really great schools.

My high school boyfriend, who was born into a very similar situation, got his packages on the same day. We were going to be able to make this happen. We remember going to Wendy's to get burgers to celebrate America. We even knew it at the time. Where else but America would two kids whose parents carefully scrimped to pay the bills get opportunities of a lifetime like this? Even England and Canada don't offer this. We knew it, even at the time. I bet some of your kids know this too. This was 1998. It feels like a long time ago, but it wasn't. A year later, my sister got into her first-choice school with a merit-based financial aid package that made it possible for her too.

So was it worth it? Twelve Disney-loving years have passed :) (I finally got to visit Orlando when I was a sophomore, with that amazing boyfriend I mentioned above ... we stayed at All Star Music and it was the most wonderful place I had ever been and the most magical five days).

It was.

I graduated and got a great job at a place that only hires kids from top private schools (yes, I know that it supremely unpopular, but I am telling you the truth. It is easier to get a job out of a fairly established short list of American private universities. Are there exceptions? Sure. Is it by-and-large easier? Absolutely). I worked my tail off. I got promoted. I worked harder. I moved abroad for work. I fell in love, I moved back. I sat on panels and did all kinds of professional things that scared the * out of me. I persevered, I did well, I messed up, I apologized, I persevered, I stayed up late, I read like heck, I learned, I risked, I persevered. I made VP of a major bank at 27 and clipped coupons and I will never have to worry about $ again at almost-30. You guys watched me grow up and I sock away cash like it's a sport. :)

For the Dave Ramsey loving woman who doesn't want to fill out the FAFSA - I am at BS7 BECAUSE my mother was willing to bite back her pride and fill out the FAFSA. It changed my family tree. My professional success goes right back to my college education because there is no way I would've gotten the first job that set me down this path WITHOUT the FAFSA. I hire now and I look for academic accomplishment. It is a very strong predicator of success. I don't shy away from it.

The funny thing: my sister has done even better, for the same reasons, and now our youngest brother is trumping us all, same reasons. More than effort and more than luck, it was, in no particular order: our mother, America, government financial aid, private financial aid, a willingness to ask, and perhaps most importantly, the ambition that comes with knowing to whom much is given, much is expected -- to quote an Apostle and, nineteen hundred years later, a wartime President.

:)
 
:thumbsup2 Great story caradana:)

I dont understand why this one poster is so set against filling out that form. Unless they have something to hide-like not having paid taxes? ;)
 
Please point where I said I was FINE with my daughter chosing drugs! Prove that I said I was FINE with it.
Sure -- Here it is from post #159.
. . . With compounding, she will be able to more than pay for her schooling if that is what she wishes to do. If she decides to travel the world and stay in Hostels, she is still getting an education. She could blow it all on drugs and live on the street too, but we do not live our life based on what-ifs.
As I said to someone else I am not google and this is not a court. I have done the research and found many places where FAFSA was not required for merit/talent based aid. Want to find those places, you can go look it up.
I tried to find anything saying that the FAFSA was a bad thing, and I failed -- it's not even a questionable thing. Some people say, "It won't do me any good", but that's a different story. Your opinion cannot be substantiated, and you don't care to tell us what information you used to form that opinion. It brings up mental images of tin foil hats.

For other posters, Searching for the "maybe my kid'll end up using her college money for drugs" post, I glanced through Testify's other posts. That was an interesting activity. She has strong opinions on a number of other topics and always writes with a negative, aggressive, even combative stance. Our time's better spent filling out the FAFSA.
 
For other posters, Searching for the "maybe my kid'll end up using her college money for drugs" post, I glanced through Testify's other posts. That was an interesting activity. She has strong opinions on a number of other topics and always writes with a negative, aggressive, even combative stance. Our time's better spent filling out the FAFSA.

I thought testifyoncruises was a man.
 
Sure -- Here it is from post #159.
WRONG. You never 'caught' me saying I was FINE with it. Nice try. I said it COULD happen not that it would or that I would be FINE with it.

Go ahead and do what you want, but those who have their kids burdened with the enslavement of school loans are doing a horrible 'favor' for their kids.
 
One form no one has mentioned is the CSS Profile - required by many private colleges to be considered for aid. It is rough to fill out. And much more detailed than the FAFSA.

For the OP, I would fire my financial planner. If you stated college was a goal and he or she did not lay out a savings plan to fund the goal, then they fail.

We always knew that my daughter would not qualify for any federal aid other than the unsubsidized Stafford loan. But we complete the FAFSA because it was required to apply for many of the scholarships she applied for. One thing we learned very quickly was that it was a total waste of time to fill out applications for any scholarship that asked for financial information. My income is too high for her to get that type of award. She did opt for our state university simply because we told her that was all we could afford. Of course, in NH the in state university costs over $20,000 a year! She had hoped to get merit aid at some private schools and we cooperated in the process (even struggling through the CSS Profile). Some was offered, but not enough to make private college competitive with the cost of UNH.

My experience with scholarships was similar to MrsPete. We ended up with a Deans Scholarship from the school based on her being in the top 10 in her class. And she got a one year grant from a local foundation for the same reason. We have to complete the FAFSA each year for her to get the deans scholarship. The school just requires it for any aid.

IMHO counting on scholarships to pay for college is foolhardy. $2,500 is a drop in the bucket compared to the cost of most colleges. We also know that for local awarded money, it was income alone that eliminated my DD. For college money, it was most likely that our school district is not very well regarded academically. Very few AP classes are available so the kids just don't have the credentials that many schools are looking for. My daughter was fortunate that we gave her an allowance all the way through high school and provided her with an ancient automobile her senior year so she did not have to get a job. That allowed her to participate in volleyball and track. She is continuing track in college.

I can't imagine not cooperating in the financial aid process for my daughter. If she needs a fifth year to do her masters, we will try to help even though we don't have that money specifically designated for education. In fact, since college costs are higher than we anticipated we may actually come up short for senior year. The cost of the mandatory year abroad for her dual major is messing up my financial plan! But we are actively saving to make up the gap. Worst case, she takes out a Stafford and maybe a private loan that year and we will make the payments for her.

We do believe that she should have some skin in the game so to speak. She is now required to have a job and earn enough for books and spending money. She works weekends during ski season and full time during the summer.

But I believe there are always options for parents not able to save for education. Both my husband and I got most of our education paid for by the US government thanks to 8 years in the Air Force (me) and 10 years in the Navy (him).
 
Go ahead and do what you want, but those who have their kids burdened with the enslavement of school loans are doing a horrible 'favor' for their kids.

your OPINION only.... my DD appreciates that we did what we could financially for her education even though she has to take out some federal loans to help. She will not be "enslaved" by taking out loans :rolleyes:give me a break
 
your OPINION only.... my DD appreciates that we did what we could financially for her education even though she has to take out some federal loans to help. She will not be "enslaved" by taking out loans :rolleyes:give me a break
I am with Dave Ramsey and do not believe in taking out any loans. Especially for college. And yes, if you use credit or take out a loan you are in fact enslaved by the lender.
 
I am with Dave Ramsey and do not believe in taking out any loans. Especially for college. And yes, if you use credit or take out a loan you are in fact enslaved by the lender.

I find it ironic that someone who buys into every single little thing that Dave Ramsey says and quotes him repeatedly has the nerve to call others brainwashed about FAFSA. :lmao:
BTW, I subscribe to TMMO, but I have tailored it to myself and my life and not totally what DR says.
 
I am with Dave Ramsey and do not believe in taking out any loans. Especially for college. And yes, if you use credit or take out a loan you are in fact enslaved by the lender.

I happen to believe that Dave Ramsey is an idiot so I have no problem with borrowing money if I have to for my DD to finish her degree. As long as the amount of debt is reasonable in relation to what she can expect to earn.
 
I happen to believe that Dave Ramsey is an idiot so I have no problem with borrowing money if I have to for my DD to finish her degree. As long as the amount of debt is reasonable in relation to what she can expect to earn.

No. He's not the idiot. He has made millions selling simplistic, cookie-cutter financial advice to "true believers". I rather admire him.
 
No. He's not the idiot. He has made millions selling simplistic, cookie-cutter financial advice to "true believers". I rather admire him.

I stand corrected - let me re-phrase. I think a lot of Dave Ramsey's advice is idiotic. He is a champion seller of snake oil though.
 
I stand corrected - let me re-phrase. I think a lot of Dave Ramsey's advice is idiotic. He is a champion seller of snake oil though.

Yes, he is!

I know that some of his advice makes sense for some people some of the time, but for the most part, he's a joke.
 





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