it is so competitive for the $$ -- no scholarship for mine, even in top 5% of class -- Irish Dance Families Off Topic Board

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Date Posted: 07:28:44 10/31/09 Sat
Author: with most difficult courses and a job and comm service
Subject: it is so competitive for the $$ -- no scholarship for mine, even in top 5% of class
In reply to: out of cash 's message, "3rd kid in college next fall (3 at once). We make about $115,000 a year, with not alot to show for it living in expensive area. How can we get a scholarship and where do we look?" on 21:09:52 10/30/09 Fri

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Replies:

My son got $15000 in scholarships this year. -- college mom, 07:38:26 10/31/09 Sat

Thanks so much. My husband feels it's almost not worth even trying to get $. We have stocks we will have to sell to pay for the 3rd one. I'm adding more hours to my job. Thats all we can do. (NT) -- no vacations for a while, 08:19:04 10/31/09 Sat

Please don't sell your stocks. That is your retirement money. Common financial wisdom is that your student take out loans - they have more time to make up the earnings than you do. (NT) -- ., 14:38:15 10/31/09 Sat
re: no vacations..... -- stop and think for a minute, 15:04:51 10/31/09 Sat
- I'm not the OP, but you would be surprised at how high the "expected family contribution" is. -- anon, 05:32:08 11/02/09 Mon
  - I agree. I was shocked when the counselor said that it was our choice to buy a house/mortgage and that having a mortgage did not make any difference. $23M expected family contribution on $88M income. (NT) -- Quite an eye opener., 15:45:02 11/02/09 Mon
    - Which still leaves you $65M to live on. I know it's tricky, but what if you were making $30M a year? That's who it's for. The rest of us pinch pennies and take out loans. (NT) -- 24 year old, 16:06:54 11/02/09 Mon
      - I wasn't clear...that was BEFORE taxes...so there's nowhere near $65M to live on, pay mortgage, insurance/expenses for a fam. of 4. Others are in worse shape, but there's no way we could have done (NT) -- it w/o loans too! I pinch so hard my pennies bleed!, 17:44:07 11/02/09 Mon
        Even before taxes, a family of 4 cannot live in our area on $65K. Yes to some extent, we "chose" to have a mortgage, car loans, credit cards, etc. but (more) -- No name, 06:57:57 11/03/09 Tue
        I'm working with a population that have minimum wage jobs at best because they're uneducated. It is DEFINITELY a choice. If you are happy with your life and your kids turned out well, it's a good one (NT) -- Some people really CAN'T make it, 03:54:51 11/04/09 Wed
        For them, we have grants, scholarships, loans, and work-study. I hope all minimum wage families take advantage of those. (NT) -- it's tough for them, 06:51:24 11/04/09 Wed

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