Have questions re: college tuition/loans for DD

In my opinion, parents tend to greatly over-estimate the amount in scholarships and merit grants their children "might" get.
Yes, that's been my experience too. I know lots of kids with good, solid academic records and extra-curriculars who get nothing. Maybe that's why I'm a little cynical about scholarships, and I take a "hope for the best, but prepare for the worst" attitude towards them.

I do think my daughter'll get the NC Nurses' Scholarship/Loan program, which provides essentially a tuition scholarship. Students "repay" their scholarship/loan through service. For every year that they work in a hospital in our state (at full salary), one year of scholarship/loan is forgiven. This scholarship/loan is competative, but not super-competative.

And she'll get the NC Legislative Grant. Pretty much everyone who isn't old-money-wealthy gets that one -- well, everyone who fills out a FAFSA.

Beyond that, I'm hoping but not assuming.
 
Go ahead and split hairs all you want. Some of you people must have all the time in the world to quote multiple posts and use things out of context. I don't have the time frankly and am done with this thread.

I do know there is a software program I bought which can search THOUSANDS of funding sources. I selected NON_FAFSA and have come up with over 3300 in about 20 minutes.

I am against conforming for the sake of conforming and frankly the FAFSA is another way of conforming when entities that use it already or may not already have access to this information. A PRIVATE institution or PRIVATE source of funding does not require FAFSA and some of you act like it is the be-all end all and ONLY source there is.

Some call it IMPOSSIBLE to get through school or get a car without incurring debt. Some do not know or have not tried the negotiating power of cash. It is ok by me, they can spend as much money as they so choose. We got to our station in life by spending less.

FAFSA, Just Say NO!
 
Again the ones that get screwed are the people like us who have contributed to society year after year after year to get screwed over and over again- the white, middle class American family continues to pay through their noses..

Linda

I started reading this thread.. until this quote. sorry , lost all my sympathy there.
 
We will never fill out the FASFA for our DD. We expect her to work and pay for college herself even if it takes her ten years to get a degree. We fund our retirement first. There are several other routes to getting funds for college than filling out some form. There are several grants and scholarship opportunities that do not require this.

The idea that a degree should take 2 or 4 or 8 years is just a number. As we have noticed in the past, other than our first job working for someone else has anyone ever looked at our degree. Now as entrepreneurs working for ourselves we don't need that degree. Going to college is important for knowledge, but our hope is that DD will never end up never working for anyone but working for herself and being the one who employs people.

hi there! remember me? I backed you up on the "mommy drive by" thread. anyway:.
firstly, I don't believe everyone needs a college degree to be successful. that being said:
with all due respect (and I do love dave Ramsey), not everyonecan be an entrepreneur. not that everyone is not capable,: the logistics just don't make sense . if everyone is an employer, who would they employ? there needs to be employees, after all.(we can't all be queen bees, there needs to be worker bees)
it did make somewhat more sense 10 years ago,but, in this economy, it's not the time to start a business. even if I build a better mousetrap, someone needs to build that mousetrap, and someone needs to buy it.
and, (just for the heck of it)to follow through with your logic, if everyone had their own business, and did all the work themselves (did not hire workers, working for a wage or salary), where would you buy your food? or go out to dinner? or, since you are on a disney website, provide vacation destinations? unless you want to go back to an agrarian society, with a barter system.
interesting. my husband worked his whole adult life making multiple spindle drill heads. could we have saved enough to set up shop in our garage, buy mills and lathes, and make them. would you buy one? (there are very few shops that make these) what if you made jewelry? or had a business of making additives for foods (in your shop at home, I guess). would you trade that for a drill head so I could trade the additive to a food processing "neighbor" who would trade that to a farmer?
see, that's where money comes into play.
I'm being ridiculous, but just trying to prove a point. not everyone can own their own business.
what if I saved enough to open my own restaurant? wouldn't I need to hire cooks? or servers? bartenders? or do you propose no one go out to eat? maybe we all just go back to the days when we all eat at home, make our own food. If everyone worked hard enough, for long enough to own their own business,and didn't work for others, where would you go on vacation? or out to eat? or to buy gas for your car? who would teach your children? if everyone followed your plan, there would be no teachers. they would teach your kids in exchange for a bushel of corn. and you would pay the local doctor with multiple spindle drill heads he could exchange for vouchers for food. (oh, yeah, we Do have those vouchers... it's called money.
see this is why not everyone can be entrepreneurs. most people need skills or learning, for a "career".
some of us apprentice or go to trade school, and learn the highly trained skills of machining.(like hubby and one son) some learn from the school of hard knocks and become excellent servers , like me(or maybe you would rather have all fast food restaurants? ) some go to college, and become "project managers" in corporations, like other son.
my meandering point is, if everyone "worked for themselves", there would be no customer base to work for.
depends which type of society in which you want to live.
your idea is much like a PYRAMIDAL society,(since not everyone can be the "owners", (ie, some
have to do the scut work, only the "elite' are the owners. much like a caste society.:scared1:
therefore, this system only works for the elite few at the top.(facism?)or a feudal system, with Lords, and serfs.

I do not want to live in a socialist society, NOR a facist society. that's why I love the Republic we live in.
which brings me back to my original point.. everyonecannot be entrepreneurs.
our society depends on skilled or educated workers
not every young 18 year old can get out there, get a job (there are no jobs now, really, people in their 50s are fighting over working part time at wal mart or home depot,or Burger King, people who used to have steady jobs) and "work their way up to" building their own business.
so, I applaud those who provide their children with what they need to survive in this society.(and seek out help where they can) which includes an education, be it college, or .trade school, It's not as easy to "make it", start your own business, etc, as it was years ago..
 

Smidgy that is a great post.:thumbsup2

For me- don't fill out FAFSA if you don't want to. That leaves more money for the rest of us.
 
Yesterday, 01:55 PM #105
testifyoncruises
Mouseketeer


Join Date: Jan 2010
Posts: 306

We will never fill out the FASFA for our DD. We expect her to work and pay for college herself even if it takes her ten years to get a degree. We fund our retirement first. There are several other routes to getting funds for college than filling out some form. There are several grants and scholarship opportunities that do not require this.

:confused::confused:

:confused3 So which is it-she works for the degree herself-or you're giving her $$ to do what she wishes?:confused:

Thanks, PixieTopaz. I remembered TOC saying this, and it does not jibe with her later statements that she and her partner have money in an UGMA account that their daughter could make her own decision about spending. (BTW, I tried to quote PixieTopaz's entire post that had both of TOC's contradictory comments, but I am unable to figure out how to do it. For those who wish to see TOC's polar opposite quotes, they are quoted in post # 262.)

Anyhow, I find it telling that TOC has not responded to explain this contradiction.
 
Go ahead and split hairs all you want. Some of you people must have all the time in the world to quote multiple posts and use things out of context. I don't have the time frankly and am done with this thread.

I do know there is a software program I bought which can search THOUSANDS of funding sources. I selected NON_FAFSA and have come up with over 3300 in about 20 minutes.

I am against conforming for the sake of conforming and frankly the FAFSA is another way of conforming when entities that use it already or may not already have access to this information. A PRIVATE institution or PRIVATE source of funding does not require FAFSA and some of you act like it is the be-all end all and ONLY source there is.

Some call it IMPOSSIBLE to get through school or get a car without incurring debt. Some do not know or have not tried the negotiating power of cash. It is ok by me, they can spend as much money as they so choose. We got to our station in life by spending less.

FAFSA, Just Say NO!

Since you are such a fount of knowledge, why don't you share the name of this wonderful software?

Oh, that's right...you're done with this thread.

Anyway, if by inference you actually think that many of the respondents on this thread are conforming just for the sake of conforming?...:lmao: you really don't know Disney fans very well at all.

agnes!
 
Thanks, PixieTopaz. I remembered TOC saying this, and it does not jibe with her later statements that she and her partner have money in an UGMA account that their daughter could make her own decision about spending. (BTW, I tried to quote PixieTopaz's entire post that had both of TOC's contradictory comments, but I am unable to figure out how to do it. For those who wish to see TOC's polar opposite quotes, they are quoted in post # 262.)

Anyhow, I find it telling that TOC has not responded to explain this contradiction.


That's because he/she/it announced that he/she/it is now done with this thread, so he/she/it doesn't have to come back to 'splain her/his/its many contradictions, kind of a mini-YAGE.

Oh and Happy Saint Patrick's Day a little early everyone ::yes::

:shamrock: :hmghost:
3361733757_80d5f83d4a.jpg





agnes!
 
Anyhow, I find it telling that TOC has not responded to explain this contradiction.
Not telling nor nefarious. I don't have the time to read every post in a thread. DD has an UGMA started from first her gifted monies (b-day, Festivus, etc.) and now from her earned money for allowance and the MM (mommies match) based on what she has not spent.

It will be up to her how she spends that money and yes we expect her to pay for college even if it takes her 10 years, but we also will be there to assist her should she show the desire to finish school. What we won't do is use us to borrow money to pay for schooling that will result in her borrowing much more than she could earn in her first year after school.

Simple really.

JUST SAY NO TO FAFSA!
 
I am still not understanding why anyone should be saying No to FAFSA. I didn't use it because my employer pays my tuition. But I almost did go to a school where I would have to take out loans just to make up the difference between the reimbursement and the amount I would get taxed. I just decided to go to a cheaper school that would be within the limits before I got slammed with taxes.
 
Well-this is a person who buys a car with a suitcase of $100 bills.

They work for cash & dont pay taxes-if they fill out the FAFSA, the government will find them-that's the only explanation that makes sense.:)
 
Not telling nor nefarious. I don't have the time to read every post in a thread. DD has an UGMA started from first her gifted monies (b-day, Festivus, etc.) and now from her earned money for allowance and the MM (mommies match) based on what she has not spent.

It will be up to her how she spends that money and yes we expect her to pay for college even if it takes her 10 years, but we also will be there to assist her should she show the desire to finish school. What we won't do is use us to borrow money to pay for schooling that will result in her borrowing much more than she could earn in her first year after school.

Simple really.

JUST SAY NO TO FAFSA!

Aaahhhhh.....the Festivus money! Didn't we already go through this on the Swiss cow owning thread that people don't get gifts for Festivus? ;):laughing:

Well, do what you feel is right for your kid but here are a few thoughts that I personally would ponder. Take them or leave them.

You don't want to help your kid at all with school. I am not just talking about money because let's face it- not everyone has money- but you won't even fill out the financial forms that might help her actually get some aide. You should read about the tons of people who's parents did that. Resentment towards their parents for making it even harder for them doesn't even begin to cover it.

If you are actually reporting your income then the govt. already has your info. What "other" people are going to have this info? Heck with the internet these days I bet someone could search and find out what anyone makes. Unless of course you are not reporting your income. Don't know if you are or not just giving an example.

You think higher education is basically a waste since everyone should own their own business. Okay- but what if your child doesn't have the know how to own a business? What kind of job will she get to finance said business if she is not qualified for anything other than lower level jobs?

I get some of what you are saying but I think there are many other aspects to consider. YMMV.
 
Anyone who CAN start out in life without debt has a great deal of help from his or her parents, and a person in that position should understand his or her good fortune and not look down on those who have to work for everything.

Well said!:thumbsup2:thumbsup2
 
Some call it IMPOSSIBLE to get through school or get a car without incurring debt. Some do not know or have not tried the negotiating power of cash. It is ok by me, they can spend as much money as they so choose. We got to our station in life by spending less.
Nope, I'm not saying that it's impossible. I'm just saying that it's a position in life to which you must work up; with the exception of the children of wealthy parents or child movie stars, it just isn't possible. Where does a person get cash for his first car? In fact, for his first couple cars? Unless it's a gift from parents, the vast majority of us have to borrow.

And although I am in a position to pay cash for cars now, and I am always putting away money into an account for my next car (or a new roof, or a vacation -- I fully agree with you that saving and paying in advance is the best option, but I've been working in a professional job for 17 years, and my husband has been working in a professional job for a few years more -- we've worked and saved to the point that we can do these things) . . .

Also I know that the negotiating power of cash is a myth. Whether you hand him a suitcase full of money or whether you get a bank loan and give him a check, he's getting paid. Today. In fact, when we were buying my last car, we kept it a secret until the last minute that we were paying cash; it's good to let the dealer think that what he gives you in low price might just be made up through years of interest. What you say may've been true years ago, and it may be still be true in shady circles, where people want to hide their financial dealings . . . but when I bought my last car (2 years ago), I definitely found that dealers were definitely less interested in me when I said I was able to pay cash . . . so I started hiding that fact!
Since you are such a fount of knowledge, why don't you share the name of this wonderful software?
Did you buy this on daytime TV or off of ebay? People put together junk all the time and sell it to the unsuspecting.

I put much more credibility into what comes from actual college sites, the actual federal financial aid sites, and information that my high school's guidance counselors disseminate.
Not telling nor nefarious. I don't have the time to read every post in a thread. DD has an UGMA started from first her gifted monies (b-day, Festivus, etc.) and now from her earned money for allowance and the MM (mommies match) based on what she has not spent.

It will be up to her how she spends that money and yes we expect her to pay for college even if it takes her 10 years, but we also will be there to assist her should she show the desire to finish school. What we won't do is use us to borrow money to pay for schooling that will result in her borrowing much more than she could earn in her first year after school.

Simple really.

JUST SAY NO TO FAFSA!
So you're giving her money on holidays created on 1980s sit-coms, and that's better than the FAFSA form. And whatever she does with the money is fine, even if she spends it on traveling or drugs. This is so far out of my reality that I cannot understand it.

You do know that she can borrow money without your help and without the FAFSA? Once she's an adult, she'll just be able to borrow smaller amounts, and she'll be paying higher interest rates.
 
DD is a freshman this year and before she even got into HS we asked several friends what to do to get more money for college. I will pass this info on. Not saying we have done it, but it is all legal I believe.

First - make sure your child has no money anywhere in there own name. Students are expected to contribute 100% of their income/savings. If you have a younger sibling, transfer the money into their name if possible. This includes mutual funds, CD's and savings.

Second - before filling out the FAFSA, pay all your bills possible so you have as little money as possible the day you file in your checking or savings. It asks for how much the parent has in accounts as of that day. I always go by my checkbook register, not by what the bank says since I have just paid bills. I also file the FAFSA just before pay day so it doesn't show that income in my accounts. Now this is not going to get you lots of extra money, but it will help since the parent contribution is somewhere about 30% of your income. Nothing wrong with doing this, just working the system to your advantage.

We have been unfortunately fortunate as far as college costs. DD is at a private college about $31K. She has the max in Stafford loans, $1800/year in work study and paid only another $1,800 out of pocket this year plus her books. Next year we have 0 in family contribution since the economy has tanked so badly and DH is not working as much as in the past. He is a home builder and no one is building here in MI these days. FInding odd jobs here and there. Our income is a little over 1/2 of what it was last year. We did have to submit our taxes and verification to the college. NOt worried since we have an account do them and we were honest in filling the FAFSA out.
 
That's because he/she/it announced that he/she/it is now done with this thread, so he/she/it doesn't have to come back to 'splain her/his/its many contradictions, kind of a mini-YAGE.

Oh and Happy Saint Patrick's Day a little early everyone ::yes::

:shamrock: :hmghost:
3361733757_80d5f83d4a.jpg





agnes!

Agnes --
Have I told you lately that I love you?? :thumbsup2
 
DD is a freshman this year and before she even got into HS we asked several friends what to do to get more money for college. I will pass this info on. Not saying we have done it, but it is all legal I believe.

First - make sure your child has no money anywhere in there own name. Students are expected to contribute 100% of their income/savings. If you have a younger sibling, transfer the money into their name if possible. This includes mutual funds, CD's and savings.

Second - before filling out the FAFSA, pay all your bills possible so you have as little money as possible the day you file in your checking or savings. It asks for how much the parent has in accounts as of that day. I always go by my checkbook register, not by what the bank says since I have just paid bills. I also file the FAFSA just before pay day so it doesn't show that income in my accounts. Now this is not going to get you lots of extra money, but it will help since the parent contribution is somewhere about 30% of your income. Nothing wrong with doing this, just working the system to your advantage.

We have been unfortunately fortunate as far as college costs. DD is at a private college about $31K. She has the max in Stafford loans, $1800/year in work study and paid only another $1,800 out of pocket this year plus her books. Next year we have 0 in family contribution since the economy has tanked so badly and DH is not working as much as in the past. He is a home builder and no one is building here in MI these days. FInding odd jobs here and there. Our income is a little over 1/2 of what it was last year. We did have to submit our taxes and verification to the college. NOt worried since we have an account do them and we were honest in filling the FAFSA out.

I believe you when you say you have filled out FAFSA honestly and have a 0 EFC for next year and will not have to contribute anything to your dd's college payments next year. A serious drop in income is not easy to deal with. However, in my opinion it is ironic that you aren't expected to pay for college, yet you have an upcoming disney trip in your signature. That is an example of how the system works.
Again, I am not saying you are doing anything illegal. It just shows how the system works.
 
Nope, I'm not saying that it's impossible. I'm just saying that it's a position in life to which you must work up; with the exception of the children of wealthy parents or child movie stars, it just isn't possible. Where does a person get cash for his first car? In fact, for his first couple cars? Unless it's a gift from parents, the vast majority of us have to borrow.
My first car was a $200 beater. I can find a car for about $400 in about ten minutes. Will be be the best, nope, but it will get DD to and from a job or babysitting. Someone can SAVE the money they are going to be paying in payments and save up for an even nicer car. By the way, I was babysitting from the time I was 11 with my parents or the parents driving me back and forth to the job. I had more than enough saved by the time I could drive to buy a much nicer car and pay for insurance and gas. It is called work. Why not look into it? My brother was mowing lawns from the time he was 11 in the neighborhood pushing his lawnmower and dragging his edger (remember those) up and down the blocks.

Also I know that the negotiating power of cash is a myth. Whether you hand him a suitcase full of money or whether you get a bank loan and give him a check, he's getting paid. Today. In fact, when we were buying my last car, we kept it a secret until the last minute that we were paying cash; it's good to let the dealer think that what he gives you in low price might just be made up through years of interest.
This is where you are wrong yet again. I don't buy from dealers and never have. I have always bought from private individuals and I promise you the power you have with cash makes that "original" price drop. Sorry you can only see dealers as a source of cars. I see someone who is apparently unable to see there are other ways of buying a car.

[quo]teAnd whatever she does with the money is fine, even if she spends it on traveling or drugs. [/QUOTE]
There you go outright lying again about me being fine with her spending in on drugs. This is the last time you get a response because frankly you are so far from reality, it is not worth it. And I have much better things to do with those who need to get in that last dig or last word.
 
And whatever she does with the money is fine, even if she spends it on traveling or drugs. This is so far out of my reality that I cannot understand it.

Drugs, suitcases full of cash, and avoiding government scrutiny at all costs usually go together.
 





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