One of the most embarrassing facts about the Connecticut college financial aid system is the fact that parents and students are practically forced to go into even further debt under the guise of financial aid to pay for college. I meet with parents everyday who are already in debt and cannot afford to go an additional fifty thousand dollars in debt. Why do Connecticut colleges have billions of dollars in cash sitting around and yet force parents and students to take on so much debt?<br><br>
Most parents that I meet with have a small amount of savings and a minimal retirement account, but that alone does not mean they should automatically get approved for grants and scholarships. The fact is that these parents are the ones with great students who deserve and have worked very hard to get to the college level. Connecticut colleges are not being fair in penalizing the students because their parents have home equity or have a small retirement account.<br><br>
What about the parents who have more than one child? Even if the federal government decreases their expected financial contribution the families are still left to figure out how to pay the remaining thousands of dollars. If the child has earned the grants and scholarships according to their academic merit why not give them the true financial aid.<br><br>
In my opinion every parent of a college bound senior should only spend their time applying to colleges that have a history of truly helping families out in the form of grants and scholarships. Why should you pay for the privilege to borrow money when we all know that with the exception of a handful of colleges, the rest of us have to prove ourselves after getting the degree anyway? Do not risk your retirement and your child’s financial future when you can take the time to research the Connecticut colleges that will award a deserving student with financial aid.
About the Author:
If you are the parent of a college bound high school senior that has received a financial aid award letter that is mostly comprised of student loans then click here to learn how you can use your financial aid awards letter to get more real free money.
How to double, or in some cases triple, your eligibility for FREE grant money for Connecticut Colleges. even if you are dead broke or a millionaire making a good six figure income
Click Here.
Sun, 06 Apr 2008 03:28:54 - 100%
Article Source: Find Articles - Reprint Rights feel free to publish this article on your website but you must agree to leave all active links contained within 'About The Author' intact and "as is" and NOT hidden behind a java or redirect script.