AggieDruggist89 said:
Is it a fair program?
Just pondering as I hit the "Pay" button for the entire amount minus some merit scholarship amount for my sons next quarter tuition and fees at a state school where the system provides need based aid to over 70% of the students.
Some of us work harder, save more and pay more in taxes get to pay tuition and fees in full while more than half the students are subsidized.
I've experienced multiple sides of the situation.
When I was in high school we were dirt poor. I had an older brother already in college. I got a small scholarship from the Houston Rodeo and that was it for financial aid. I got nothing from A&M. I applied for another scholarship and was a finalist, but it went to a girl whose parents were loaded. I thought that sucked at the time, because I really needed it. I also couldn't get student loans, so I graduated with a pile of high interest credit card debt that took me many years to get paid off.
When my oldest was born, my wife went to the bank and started a college fund the day after we brought him home from the hospital. We doubled the monthly contribution when the second kid was born, and kept it going every month for 25 years. Neither kid received a penny of aid from A&M. My daughter had the valedictorian scholarship to cover the first year, and that was it. Both kids also got part time jobs and worked while in school. They both graduated debt free with money still in savings, which is something we are all very proud of.
In the time in between I started a business and it was very successful. We wanted to give something back to the community, so we started giving a scholarship every year to a local senior. And I remembered how bad it sucked to see a girl whose daddy drove a Porsche get a scholarship over me, when I couldn't afford lunch.
And I told the scholarship committee to make it needs based because I didn't want to pass over a kid who needed it, in favor of a kid who already has it.
So it sucked to be a poor kid missing out on scholarship money that went to wealthy kids.
It also sucked to watch my kids get passed over for everything because of my income level. At high school graduation they announce all the scholarship offers and total amounts, and my kids had pretty much nothing, in spite of being top students. They didn't realize it was my income and not their academics that made them be passed over.
So basically, it sucks from both sides.