I am IN DEBT!!!
Why is it some Chick on welfare that has kids day in through day out can send her kids to college so they can flunk out!
I could be studying rather than working!
and I am not wrong
Addy Note: Hypocritical much, no?
>Send kids to college
>>kids flunk out/drop out
>>>See this topic for example
I would also like to note that articles like the one you posted are allowed to be biased; I posted a study, you posted an article. Yours is biased. Mine is not. And yours is most definitely biased, but let me point out all the problems with this article as I read through it again.
Let me also state the "some chick having kids" had the kids herself and put them in a bad situation, and those kids have just as much right out of that situation as you do, they just need a bit more help...
"
Learn what household income is considered upper middle class. Also, learn why it is becoming increasingly difficult to save for a child's education.
The lower class is fine. They receive all the grants and loans for school. So does the lower middle class nowadays.
(Every school has a limited amount of grants and loans they can give out, so only a limited number of students get these; that isn't paying lower class's way all through college, I can promise you that. And loans still have to get paid back.) And the upper class has always been fine. So what happens to those parents and students in between who have worked and saved for years, and still can't afford a
private school education? (Excuse me, but what? OH WOE IS ME MY CHILD MIGHT HAVE TO GO TO A STATE SCHOOL OR A COMMUNITY COLLEGE FOR EDUCATION! *end sarcasm for now*)Student Loans for College, the Only Option?
(Oh wait wasn't this that thing i just mentioned above regarding lower class having to pay back the loans mentioned above too? Oh lawdy.... Hypocrisy again...)The frustrating part of being upper middle class nowadays is this income bracket falls into a Catch-22. Often times, these wage earners are considered "too rich" to receive any substantial need-based grants or scholarships.
(Note: Scholarships are almost all granted based on an academic, sports or other grounds completely non related to income) Students from upper middle class families do not fall into the "need-based" category.
(The system is fair. You are less needy than another person. They also just DONT ACCEPT ANY POOR KID ASKING FOR MONEY! Impoverished kids have to prove themselves academically to get the money they are granted. Why should a poor kid with a 4.0 GPA not get the grant over a middle class hid with a 3.4?)
So what category do they fall into?
The upper middle class is considered professionals who earn either $62,000 a year per person, or have a household income of $100,000. The figures generally depend on factors such as location in the US and cost of living, but these are standard numbers. The cut-off for upper middle class to the upper class is around $350,000 per household.
(Again the figured change based on geography to be fair here... not to cheat middle class out of money.)College Loan Consolidation, Financial Aid Grants Possible?
If an upper middle class family only has one child and s/he goes to an instate school, paying for education may be doable. However, if the family has two or more children, especially if their college years overlap, the government does not take this into consideration.
(Yes they do, why do you think they have you list the dependents on the FAFSA and which ones are in college/school? For the heck of it? I don't think so...) Many times, parents in this social/economic level strive for their children to attend big name private schools such as the Ivy League.
(this goes back to the snobbish boohoo my kid can't go to private school or YALE OR HARVARD but if we looked at more reasonable schools, they could easily afford it) Yet, even if the child is accepted, this dream may not be possible.
(It would be if the kid earned scholarships for themselves by proving themselves academically and through extra curriculars throughout high school! :D You know... the things kids actually get scholarships for that have nothing to do with social class or income? Yeah those things..)Thus, the upper middle class student who chooses a private university graduates buried under a pile of debt. For instance, for the 2009-2010 school year, Harvard College costs between $52,000 to $54,800 (and this figure doesn't include books!).
(Now the idiot is using figures to harvard?! Even some upper class walk out of harvard with a ton of debt! Lets not forget that ivy league offer a TON of tuition grants to anyone who achieves getting in from anything that isnt upper class because they have the money readily available.. the writer of this article is overlooking way too many facts..)Falling into this tax bracket puts students at risk for receiving no grants or scholarships at all, and this is often what occurs. However, there are ways to work around the system and receive money for education. They involve a lot of research and planning, but if the family is ready then it is their best chance to receive money besides loans.
(Oh now you're getting the hint! Getting money for college takes... work! :D)Receive Government Education Grants When Applying for College, When to Submit FAFSA
This article, Affording College for the Upper Middle Class, discusses the ways in which upper middle class parents can obtain grants and scholarships.
This article, FAFSA Deadline for Fall 2010, discusses the best deadline to submit the FAFSA to receive the most money possible. This is essential for upper middle class families.
This website, White Picket College, is geared toward college funding specifically for upper middle class families.
Families who fit into the upper middle class category are left behind when applying for financial aid. Knowing the facts and planning ahead will help such families to find money for education.
Read more at Suite101: Upper Middle Class Paying for College Tuition: Why College Financial Planning is a Major Burden
http://www.suite101.com/content/upper-middle-class-paying-for-college-tuition-a200444#ixzz1EqJ89Npu"
P.S. I'd like to end this by stating that that article was so ridiculously biased and stuck up... That was actually pretty snobby. o.o There is absolutely nothing wrong with a kid going to community college or a state school as opposed to pricey private schools and ivy league...