Quote:
Originally Posted by charla
If we declined it, we would be required to pay that amount upfront (over $6500) or in monthly installments. There is no way we could do that because even with the scholarships, work study, student loans and this parent loan, we have a monthly payment of over $400.
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That is the way I understand it is typically handled now.
when we saw dd’s First FAFSA, we’ve told our kids we won’t do parent loans because we cannot afford a payment or loans. We have one more college year until our EFC is caught up to our cut in pay and dc will qualify for grants
(note if people have income changes— you can apply to the specific college and ask them to reconsider EFC because of a significant decrease in income by but thwy not have to accept the request!)
It’s mind boggling because I know SO many people w $40k plus in debt some $75k.
---------- Post added at 04:40 PM ---------- Previous post was at 04:38 PM ----------
Quote:
Originally Posted by heartofjoy
I don't think total independence is worth the price either. Why would we make him pay an extra $10000 a year to NOT be accountable to anyone? Most responsible adults are accountable to someone-spouse, kids!
That said, living with his grandfather will be like having a roommate he never sees. There are other negatives to the situation, but grandpa being controlling is not one of them.
He'd live at home with mom and dad if that was an option. As it is, he's trying to figure out how to afford to live on campus.
Other than helping him navigate the options, I'm not planning to do much micro-planning. I don't feel like I need to help him buy sheets, kitchen supplies, school supplies, or anything else like that. He can figure that stuff out on his own.
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We also just kinda helped w planning and didn’t micromanage
Dd was the one who asked for special college stuff (cups, bags etc.) we bought some as gifts but she’s almost 100% self sufficient. So if we do buy something it’s an unexpected gift and she finds it I just pay