Comments on: 7 Myths About College Financial Aid (From the WSJ)

By: 55 Articles on Misconceptions About Student Loans and Credit

55 Articles on Misconceptions About Student Loans and Credit — Tue, 19 Oct 2010 16:02:44 +0000

[...] 7 Myths About Financial Aid: Learn the most common myths about getting financial aid for college and what the truths are behind those myths. [...]

By: Mason Parker

Mason Parker — Mon, 24 May 2010 16:39:19 +0000

Financial Aid is much needed these days because of global economic recession.*`,

By: how to get financial aid for college when parents won t help

how to get financial aid for college when parents won t help — Sat, 31 May 2008 03:39:50 +0000

[...] family situation … exspensive and my parents are strugling, so I do my best to help. …http://allfinancialmatters.com/2007/07/09/7-myths-about-college-financial-aid-from-the-wsj/Student Aid on the WebThey won_ t know you need support and encouragement unless … WHO can help me [...]

By: Marty

Marty — Fri, 04 Apr 2008 13:00:29 +0000

I think parents should help if they are able. However, I worked my way thru college and it made me a stronger person. Unless you plan on supporting your kids for the rest of their lives, you have to teach them to be adults. I will pay for most of my kids school, but they will work and they will have some loans. If not, they might think everything in life comes easy without sacrifice.
Marty

By: JLP

JLP — Thu, 12 Jul 2007 19:44:11 +0000

Misty,

Must you call us idiots?

By: Misty Waters

Misty Waters — Thu, 12 Jul 2007 19:22:19 +0000

Sorry for the grammatical errors but Zen, JLP, and thomas pissed me off.

By: Misty Waters

Misty Waters — Thu, 12 Jul 2007 19:16:03 +0000

you idiots how can college students pay for their own education. Most student are between the ages of 17 and 24, working part time for minimum wage. That is nothing more than spending money! I am 18 years old and a sophmore at a public University in Georgia, I understand that college is exspensive and my parents are strugling, so I do my best to help. Making a 3.0 GPA in the state of georgia means that the state pays your tuition and loans are my best freind but, the bulk of the responsibility falls on my parents, AS IT SHOULD! (COST OF LIVING, BOOKS,MEAL PLANS,ACTIVITIES, TRIPS, OTHER PROGRAMS)If you love your kids THEN you want them to be in a better financial situation than yourself eventually, so stop whining and start looking for help. My parents have 3 kids in college all together and theyr’e proud us, as well as themselves and so am I. I’m never too broke, hungry, or without books,So I thank God and my parents everyday! Understand that Nothing beats a failure but a try and be willing to send your child to college, it’s the only way to succeed now-a-days.THERE IS HELP OUT THERE. Not sending your child to college for fear of it’s costs is selfish. that means that you would rather see them struggle in the future then for you to struggle now. Isen was right , there really is no time to work, I’m a biology major and my parents are constantly telling me to cut back on my work hours, and I always take 3 weeks off before finals. College is hard for all involved parties so I suggest that parents gear up for the 4 -8 year ride.

By: zen

zen — Wed, 11 Jul 2007 19:08:33 +0000

$30,000 for tuition at a private university. Notice they start out with a big number to scare you. Why does it have to be a private college? Why can’t they point out that many community colleges have two-year transfer degrees for a fraction of that cost? (I’m talking $3-4k a year – that’s a savings of $16k from their original 20k). Then go to a public university, some averaging 20k or less a year. With boarding.

It’s right in assuming that if you want your kids in college, you should act like you’re paying for it out of pocket – no aid involved. It’s probably *more* important that you *tell your kids this* and *encourage them to save for college expenses* – then they still see that their meager savings is paltry in tune to the expense, and will recognize that if their parents are paying, it’s really on them if they fail.

@Erin D – you just compared working 10 hours a week to working multiple jobs – I see some difficulty in comparing “working ten hours for fun money” vs. “needing to work three jobs to make ends meet and get a degree.” I worked my ass off, having to drop classes on occasion because life wouldn’t allow it. To assume *anyone* can work and go to school full-time is a fool’s boast (which I’m not saying you’re making, I’m just furthering my opinion).

I currently make more than many of my “college-grad” friends – I’m still in college with no degree, work full-time and support my wife (and soon a baby as well) – point being – it’s possible to make it in life without a degree, and possible to succeed in school when you work 40+ hours.

By: Minimum Wage

Minimum Wage — Wed, 11 Jul 2007 05:23:16 +0000

A Work-Study job just might give you an edge when starting out in the real world. I couldn’t get financial aid due to a dysfunctional family situation (supported by my father but lived with and was claimed as a dependent by relatives who lived in high-cost area and made “too much” money).

When I applied for an IT job as I was graduating, the job went to someone else because they had related IT experience in a Work-Study job. This turned out to be devastating for me, as I never did get an IT job.

By: FAGirl

FAGirl — Tue, 10 Jul 2007 18:47:51 +0000

I worked FinAid at a school for six years and these are all absolutely correct. The staggering ignorance of parents and students that makes them think that making over $20 means FAFSA/the DOE will give them no money–argh! I know loans aren’t -great- but they’re better than nothing.

Esmo is correct, as well. You can “trade” loans for work-study, but the work-study money is likely to be very limited, so get to it fast!

Timing is key with many, many FA items.