How much does FAFSA pay for your college tuition?
There is no set percentage FAFSA gives out regardless of what you've heard. What FAFSA does count is how much money the school is giving so let's say that your school gives out $5,000 to you in financial aid and scholarships. The FAFSA will review that and then award you aid depending on your family's income. Suppose you are a dependent (majority of college students are) and your parents are only able to afford to pay $6,000 per year, the FAFSA will give you the remaining money in form of Unsubsidized and Subsidized Stafford Loans and Pell Grants and many other (SMART or TEACH or SEG) for which the information is available on their website. My tuition for freshman year was $30,000 and first year I got $11,000 in scholarships and $9,000 in federal money (subsidized, unsubsidized loans, grants, etc) and my mom had to take a $10,000 loan (FPLUS). This year it went up to $32,000 and I got $11,000 in scholarships, $15,000 in government aid and had to pay $6,000 out of my pocket (which we took out another loan for) so I am guessing the more financially troubled your family is, the more they pay. Not to say you should act like you are in trouble to get more money because one of my friends registered as an independent and got 100% tuition to pay for college and fed. gov. found out he was still a dependent and ordered him to pay ALL the money back!! Ouch! He never thought it could happen. He still doesn't have a clue how they found out!! No lie, I'll give you his name and you can google it because it was a top story at that time!
Is $13,000 a lot for a college tuition?
i want to go to Adelphi University and I think the tuition is $23,000 but i got a $10,000 scholarship. My dad makes less than $4,400 a month and my mom doesn't work. Would I have to pull out a student loan?
Can my parents stop me from going to college if I pay for tuition on my own?
Hi, my name is Jorden and the title is slightly misleading because this is actually for my girlfriend. Her name is Angel and she is 17 years old and is enrolled at the college of Charleston. She is set to move in on August 18th. She is an early graduate so she will not turn 18 until march 8th 2018. She is in a slight unique situation with her parents. She is very independent with paying for her college. She payed half of her tuition with scholarships and the other half she took out loans from the federal government and private. Her parents didn't even cosign with her for her private loans (Her grandfather decided to consign with her). Her mother is pretty controlling with her private life. She is always tracking her phone, keeps her from going over to people's houses, stops her from getting a drivers license, etc. Her mother is also a little toxic because she is always insulting her on her weight and bringing her down. Recently her mother has been completely unreasonable. She keeps taking her phone for unknown reasons. She literally won't even tell her why. She just takes her phone and doesn't say a word. Just today she left her at work because she was late getting out of work then took her phone when she got home. My question is can her parents stop her from going to college even though she has already paid? I have a bad feeling that they are going to try to stop her. Is there any legal way to help her out. Even they do let her go I'm also afraid that they will stop her phone and health insurance. Phone isn't a big deal because my parents are willing to put her on our plan but health insurance could possibly kill her because she was born with a heart murmur. If something happened then she would be in serious dept or even worse. I really need some kind of advice to give her or some option for her. Any advice would be much appreciated. Thank you.
Can somebody explain to me how paying College Tuition works?
like i accepted my FAFSA reward of $7800 and the estimated tuition is 19000 so my question is how do i exactly pay for it? i was thinking about getting a parent plus loan to cover the rest but like idk can somebody just explain the process to me? im a first generation college student so im clueless
Is it the parents responsibility to pay for their kids college tuition?
Technically, legally, it is not required to give a dime once the kid turns 18 (maybe high school graduation?).However, financial aid formulas such as FAFSA take into account your parent's income and assets. So the wealthier your parents are, the harder it will be to actually afford it on your own.For example, I was applying to colleges last year, a mixture of state schools and elite private (only in case the numbers would work out ok).It turned out that the state school I was most strongly considering costs $35,000/year to attend without aid or scholarships(of course private universities cost even more). Even if you went to community college and transferred, that'd be 70 grand in debt/job earnings from the last two years there (excluding the community college costs earlier and assuming tuition doesn't rise in the meanwhile, though it probably would). That's the most affordable way of doing it if you don't have any scholarships, grants, or parental help.I ultimately turned down some merit money(and some practically non existent aid since it was pretty much just loans, not grants) at that school to go to Cornell, which was still about $20,000/yr after grants for my situation. Their financial aid package actually marked about half that remaining cost as "parental contribution", the other half a mix of loans and my own contribution. That still is a lot for a student to come up with on their own, and I assure you I'm not rich, barely, barely upper middle class at the absolute most.(Parents never were able to save up for college and pretty much live paycheck to paycheck, retirement fund not that high, so my parents don't expect a luxurious retirement if they even retire. Have a nice enough house in a nice enough neighborhood, so that might push us up a bit, but it's pretty much the only thing that might be considered upper middle versus middle. I guess my parents sacrificed a lot to move there for the school districts).I guess my point is, technically you don't have to help at all, but you'll saddle your kid with a lot of debt if you don't, once you're middle class or above in wealth. So you might not want to do that...
My mom threatens to not pay for my college tuition anytime I lie or make a mistake. I think of myself as an honest kid and I never intend to lie and break rules. Is this okay?
Technically, your mother doesn’t owe you a college education. That sounds pretty cold, but honestly, she doesn’t. While it would be wonderful if she did help you, she doesn’t have to.Saying that, what is the reason why she would make this threat against you? Have you made mistakes and done things you shouldn’t? Is she just being paranoid or mean? Were there other people in her life who lied and made bad mistakes and she doesn’t want you to do the same?No matter what, you should go on the assumption that your college is on you and your efforts only. I mean, even if your mom wants to pay, what if something happens and she can’t afford it?? Get good grades, challenge yourself in school, and don’t mess around.For some reason your mom has a negative attitude towards your behavior and your really don’t explain that… whatever the reason, whether it’s you, her, someone else… whatever… if you get good grades in school and behave yourself at home and in your extra-curricular activities, she should see that you are not lying or doing bad and relax her attitude.
Why don’t AMERICAN parents pay for college tuition?
My parents immigrated here in 90s. And they told me that parents here are so selfish here compared to parents back home. My mom told me she has 2 sisters and 6 brothers. For each child, they paid school fees and college tuition. And they were middle class family. Here in USA, school is free and parents still don’t pay for college tuition. They make their kids take out loans. It’s scary that their kids drown in loans and parents don’t even care to help them. In fact, they kick them outside of home at age 18. No wonder why they throw their parents to old age home to rot in old age
Do parents have the moral obligation to pay for their kids’ college education?
How about half and half?Assuming that you can afford to pay for your child’s tuition without putting yourself in a difficult position financially, splitting the cost of college in half has a number of benefits both for you and for your child. Parents can pay half their children’s tuition and their child can work to pay the other half. There are a couple of reasons this can be beneficial:It gives your child financial awareness - attending college is a privilege for many. Many children do not realize this and often do not realize how much the true cost actually is. Having your child pay half their college tuition creates a financial awareness that will serve as a building block throughout their entire life.They will take college more seriously - If your child is aware of how much college truly costs and it is costing them money, they are far less likely to give that class a skip. They will be more invested in their education, both financially and literally, and may even try to finish college faster.It will encourage them to make the bigger decisions - The chances are that if your child is faced with the cost of paying for college, they will be more likely to research their options and make a wiser decision, such as whether to attend an out-of-state college or a local college. Taking out loans will also be something they will have to think about more. If your child is paying half the bill, they are far more likely to invest time making wise decisions rather than just going with the easiest option without doing research.Encourage financial independence - Many college kids don’t need an extra source of income because most of their bills are paid for them, including tuition. However, if they know this large amount needs to be paid, there are more likely to try and find a part-time job or even a side hustle in order to earn extra funds.I recommend making your child pay half their tuition because not only will it help them learn invaluable financial lessons, it will also force them to invest their time more wisely and dedicate themselves further to their studies than if everything was just paid for them.