Damn, people who quit work to go to school get SCREWED on financial aid!

[Viper GTS]

Based off my income last year (~$30K) expected to be able to contribute almost $11,000 to my school costs. :Q

How many people who make $30K a year can afford to drop $11,000, even if they were to continue working full time while going to school full time?

Viper GTS <-- Getting laid off, probably going to school, but doesn't have $11,000

 

[MustangSVT]

poor viper

sell your ViperGTS.

 

[Viper GTS]

You think I'd sell it to go to school?

You must be crazy.



Viper GTS

 

[Crazymofo]

Originally posted by: Viper GTS
Based off my income last year (~$30K) expected to be able to contribute almost $11,000 to my school costs. :Q

How many people who make $30K a year can afford to drop $11,000, even if they were to continue working full time while going to school full time?

Viper GTS <-- Getting laid off, probably going to school, but doesn't have $11,000

Probably almost no one... I know I couldn't.

 

[GT1999]

Exactly.

You need to learn how to play the system. It's sad, but true.

If your parents are divorced, live with your parent that earns less money.

Take a wild guess at what my EFC is for next year.

Lower.

Lower.

That's right b!tch, 0.

 

[Orsorum]

Education is a privilege, not a right. It sucks, but it's the way it is. As far as I can tell they assume that every penny you're making is going into it, and for the purposes of FASFA I can't say I disagree with it.

 

[The Stigenator]

3 years ago my income was 45K a year.. 2 years ago it was 10K and then last year its 3K..

got laid off twice..

Needless to say I get 15K in Faid per year, that is not enough to keep my habits in check.. I am used to having more money so i can do things.. now i am actually having to budget and keep things in track..

 

[michaelh20]

I was unemployed for a full year while at school and then I was impressed with how much money they gave me for the other year I was there. It also makes a big difference applying in a timely manner (before the prefered deadline or whatever it is).

So yes, it's almost better to make less. But if you keep going to school -- for more than a year -- you'll get more financial aid.

 

[Whisper]

Yeah, the EFC does suck in a lot of ways. I know that in my case, my (single parent) mother, even with my brother in college as well, received only $500/year in aid from Emory (total cost: $32k). She was expected to foot the rest of the bill. And no, she doesn't clear six figures, though we aren't underpriveledged, either.

After that first year, I learned from my mistakes, transferred out of Emory, and took advantage of the HOPE scholarship. My cost of attendance at UGA is now $0, woohoo.

Good luck with the education, though.

 

[Viper GTS]

Originally posted by: Orsorum
Education is a privilege, not a right. It sucks, but it's the way it is. As far as I can tell they assume that every penny you're making is going into it, and for the purposes of FASFA I can't say I disagree with it.

I'm well aware of that, & the only change I would make to the system is allow people to declare themselves independant. Parents who no longer claim their children as dependants shouldn't be figured in the income calculations.

I will be able to pay for it one way or another (great thing about grandparents, they won't let lack of money stop me), but $30K on your own just isn't much money & the idea that I have almost $1000 a month extra is ludicrous. Hell, my basic bills (rent, utilities, liability only car insurance, food) leave me with WELL under $1000 a month.

Viper GTS

 

[Mookow]

Originally posted by: Viper GTS
You think I'd sell it to go to school?

You must be crazy.



Viper GTS

Put it on blocks and cancel your insurance. Instant 11K saved