Quote:
Originally Posted by canyonblue
The two biggest issues are the overpriced cost of a college degree, and the amount of interest that is charged on a student loan. The Federal government involvement in higher education is the main problem. They created FAFSA which looks at your family income to determine whether or not you will receive any help with the cost of college. So you have an 18 year old kid who can vote, fight in a war and be charged as an adult in a crime. But you're going to base how much FREE taxpayer money or Grants they can receive based on how much money their parents earn or have in the bank. Once again another government system that penalizes you for trying to be responsible in life.
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You seem to be promoting the idea that the grants should be based on the students income and not yours. Which would mean nearly every student gets the grants/ low interest loads for the college. Since at age 18 they are not likely to be making much money. This would cost a great deal, but likely worth it for society in the long run.
But, if you the parent, had been truly responsible in life you would have socked away money for their education. The government even has a tax free investment you could have made for the kids. And thus need less or no loans or grants. This is the current model.
The only people truly penalized are those making lots of money with no college savings and who's lifestyle requires spending all they make. And I would not call these people responsible.