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User Info	Student Loan 'Forgiveness'?; entered at 2022-04-30 18:46:10
Eleua Posts: 23728 Registered: 2007-07-05 N 47.72/ W 122.55	FAFSA. Anyone who has filled one out knows what this is. It's your second 1040 for the year. You MUST list assets, not just income. The more you have worked and saved, the LESS your kid gets in federal assistance. If your older children worked to put themselves through college, and you have less debt, the more you pay. Happened to me. The snapshot year for my daughter was the year that the airline paid out my retirement at 10c on the dollar because of CH 11, and all that was considered "income," even though I took a 90% haircut. It's a cost shifting scheme, straight up. A kid goes to get a loan from the school. They ask about parental income as a basis for qualification. The only exceptions are: the kid is married or over 25. It doesnt matter if the parents and kid have ZERO relationship. What happened to that age of majority at 18 thingy? The ENTIRE system needs to burn to ash and be rebuilt. Fee for service with complete price/fee transparency and the parents out of the loop for consideration of any scholarship. Without price transparency, when Katelyn goes to buy a sandwich for lunch, and Shaniqua just checked out with the same sandwich, the cashier should say "Katelyn, you need to pay $17 for the sandwich because $8 subsidizes Shaniqua's sandwich she got for a $1. It's OK. Your daddy that you no longer talk to an anesthesiologist and Shaniqua's daddy is doing 20-life for Armed Robbery and Murder 1. See how long that lasts. 2022-04-30 18:46:10