Comments on: College and a parent’s responsibility http://www.llamamoney.com/college-and-a-parents-responsibility/ It's not just money - it's Llama Money Wed, 24 Feb 2010 19:39:57 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Llama Money http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-5807 Llama Money Sat, 18 Jul 2009 02:40:44 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-5807 Sharon, I'm not sure when these "olden days" are. I've spent a grand total of 27 years on this fine earth. They do make these cool things called "jobs", where you can "work" in exchange for "money." This "money" can be used to pay for tuition. Since my son won't be paying rent / utilities / food / etc, his expenses will pretty much consist of tuition and a bus pass. Not exactly gonna break the bank for him, and it will teach him a lot of responsibility. How exactly is that a bad thing? Sharon,

I’m not sure when these “olden days” are. I’ve spent a grand total of 27 years on this fine earth. They do make these cool things called “jobs”, where you can “work” in exchange for “money.” This “money” can be used to pay for tuition. Since my son won’t be paying rent / utilities / food / etc, his expenses will pretty much consist of tuition and a bus pass. Not exactly gonna break the bank for him, and it will teach him a lot of responsibility. How exactly is that a bad thing?

]]> By: Sharon http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-5804 Sharon Sat, 18 Jul 2009 00:50:18 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-5804 How ill informed you are. The cost of an education has increased dramatically since the "olden days" when you were a student. The possibility of a student taking on loans of more than $50,000 is more than likely even if they do stay at home and attend a community college. As a professional working with college admissions, I am thoroughly shocked how often I meet parents who are completely unaware how much the world has changed. First of all "scholarships" or merit aid are more often then not for special talents. The largest part being a serious commitment to athletics. Grant aid, is generally need based. Meaning your parents are a liability even if they don't wish to pay for your education. It is true that colleges will sometimes offer substantial merit aid for academics, but rarely more than 5-20% of tuition. As for study hard and get a scholarship. Study hard will mean that if you are lucky you are picked up by a high endowment college, where your parents Expected Family Contribution (EFC) could make college affordable for you if your family makes less than $60,000. However, travel and incidental costs will make this unlikely for 98% of students. In the past 10 years, I have worked with numerous National Merit Scholars and not one has received an academic scholarship of more than $15,000 anually to a private or public college. Get informed How ill informed you are. The cost of an education has increased dramatically since the “olden days” when you were a student. The possibility of a student taking on loans of more than $50,000 is more than likely even if they do stay at home and attend a community college. As a professional working with college admissions, I am thoroughly shocked how often I meet parents who are completely unaware how much the world has changed. First of all “scholarships” or merit aid are more often then not for special talents. The largest part being a serious commitment to athletics. Grant aid, is generally need based. Meaning your parents are a liability even if they don’t wish to pay for your education. It is true that colleges will sometimes offer substantial merit aid for academics, but rarely more than 5-20% of tuition. As for study hard and get a scholarship. Study hard will mean that if you are lucky you are picked up by a high endowment college, where your parents Expected Family Contribution (EFC) could make college affordable for you if your family makes less than $60,000. However, travel and incidental costs will make this unlikely for 98% of students. In the past 10 years, I have worked with numerous National Merit Scholars and not one has received an academic scholarship of more than $15,000 anually to a private or public college. Get informed

]]> By: College Expenses: Should parents pay for their children’s tuition? | Bible Money Matters http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-568 College Expenses: Should parents pay for their children’s tuition? | Bible Money Matters Mon, 30 Jun 2008 19:21:21 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-568 [...] at Llama money they had a similar discussion that struck a chord with me, so I thought I would give my take on this as [...] [...] at Llama money they had a similar discussion that struck a chord with me, so I thought I would give my take on this as [...]

]]> By: Pete http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-296 Pete Mon, 07 Apr 2008 18:36:56 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-296 Just posted my thoughts on this subject over at my blog. Great post, with some great insights! Just posted my thoughts on this subject over at my blog. Great post, with some great insights!

]]> By: Everything Finance http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-116 Everything Finance Tue, 19 Feb 2008 15:01:00 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-116 <strong>Carnival of Everything Finance: #13...</strong> Welcome to the February 15, 2008 edition of Carnival of Everything Finance. We had over 130 really good articles submitted for this edition. Unfortunately I could not include all of them. Earning Money poetloverrebelspy presents Claim Your Ref..... Carnival of Everything Finance: #13…

Welcome to the February 15, 2008 edition of Carnival of Everything Finance.

We had over 130 really good articles submitted for this edition. Unfortunately I could not include all of them.
Earning Money

poetloverrebelspy presents Claim Your Ref…..

]]> By: Personal finance money tips - February 16, 2008 | KCLau's Money Tips http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-115 Personal finance money tips - February 16, 2008 | KCLau's Money Tips Mon, 18 Feb 2008 01:40:20 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-115 [...] presents College and a parent?s responsibility posted at Llama Money, saying, “Parents don’t need to pay for their children’s [...] [...] presents College and a parent?s responsibility posted at Llama Money, saying, “Parents don’t need to pay for their children’s [...]

]]> By: Llama Money http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-106 Llama Money Wed, 13 Feb 2008 14:52:28 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-106 I'm sure you have a lot more readers thank you think. Most readers are silent and don't reply / comment. Look around the posts here and you'll see the same thing happening :) Lots of me talking to myself. But the readers are there for sure. I’m sure you have a lot more readers thank you think. Most readers are silent and don’t reply / comment. Look around the posts here and you’ll see the same thing happening :) Lots of me talking to myself. But the readers are there for sure.

]]> By: Sally http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-105 Sally Tue, 12 Feb 2008 05:33:03 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-105 Ack. Should have been "not written by me" instead of "no written by me." Darn sticky keyboard. Thanks for the dialogue, by the way. It helps me feel like I have an audience and I'm not just talking to myself on the internet. Ack. Should have been “not written by me” instead of “no written by me.” Darn sticky keyboard.

Thanks for the dialogue, by the way. It helps me feel like I have an audience and I’m not just talking to myself on the internet.

]]> By: Llama Money http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-104 Llama Money Tue, 12 Feb 2008 04:15:49 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-104 That's ridiculous... if you're not a dependent on your taxes, then you shouldn't be for FAFSA. Sigh. I love our country, but we have to have the most inefficient and illogical government in the world. That's a good post by the way - really spells out the goofiness of the rules. That’s ridiculous… if you’re not a dependent on your taxes, then you shouldn’t be for FAFSA. Sigh. I love our country, but we have to have the most inefficient and illogical government in the world. That’s a good post by the way – really spells out the goofiness of the rules.

]]> By: Sally http://www.llamamoney.com/college-and-a-parents-responsibility/comment-page-1/#comment-102 Sally Tue, 12 Feb 2008 03:58:52 +0000 http://www.llamamoney.com/college-and-a-parents-responsibility/#comment-102 Yeah, FAFSA... sucks. I'm not claimed on anyone's taxes but my own, but FAFSA will still see me as a dependent for almost two more years. It's just ridiculous. A good rant on the subject (no written by me) can be found here: http://poorerthanyou.com/2008/02/06/dependent-or-not-dependent-why-i-hate-the-fafsa/ Yeah, FAFSA… sucks. I’m not claimed on anyone’s taxes but my own, but FAFSA will still see me as a dependent for almost two more years. It’s just ridiculous. A good rant on the subject (no written by me) can be found here: http://poorerthanyou.com/2008/02/06/dependent-or-not-dependent-why-i-hate-the-fafsa/

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