We filled out the Free Application for Federal Student Aid (FAFSA) the other day and just learned that we can afford to give our daughter nearly half of our take-home pay towards her annual college tuition costs. I guess they don't expect that we need to eat or heat our house or buy shoes? If you have young children and are saving dutifully towards their college fund, just remember that those savings will count against you, increasing your supposed obligation to provide out of what is left. Just like the Yankees, they have all the bases covered and you're out no matter what pitch you try to hit. Reasonableness is not in their vocabulary, which is why there is no R in FAFSA.
Friday, March 13, 2009
There is no R in FAFSA
We filled out the Free Application for Federal Student Aid (FAFSA) the other day and just learned that we can afford to give our daughter nearly half of our take-home pay towards her annual college tuition costs. I guess they don't expect that we need to eat or heat our house or buy shoes? If you have young children and are saving dutifully towards their college fund, just remember that those savings will count against you, increasing your supposed obligation to provide out of what is left. Just like the Yankees, they have all the bases covered and you're out no matter what pitch you try to hit. Reasonableness is not in their vocabulary, which is why there is no R in FAFSA.
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