Quote:
Originally Posted by ctmurray
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.
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Actually the opposite is also true. While we didn't make enough to save for our kids college tuition, my income increased later in life so we were able to pay for two undergraduate degrees. Meanwhile we had a neighbor who didn't make as much but spent every dime on a lifestyle they couldn't afford. They even got divorced and he still lived at the house. Both of their kids had almost their entire tuition paid due to the single spouse income they claimed left them with no money for college. So is that responsible?