Any thoughts?

<p>I recently wrote this for my school's newspaper but it hasn't gone to editors or print yet. Any thoughts? Agree, Disagree? I figured here would be a good focus group of people from all walks of life. </p>

<p>As the financial decisions of colleges loom over the students of Paschal, instead of choosing schools based on where they want to attend, we, the students, are being forced into the schools that offer us the most money, not necessarily the best education. While this is not a new phenomenon, my parents experienced it, as well as their parents; it has become increasingly worse during the past few years and especially now that the economy has taken a turn for the worse. In order to recover their oh-so-important endowments that were lost in the stock market, schools have yet again hiked tuition. For example the average public school now costs 7% more than it did last year at this time, making college even less affordable for the already struggling classes.</p>

<p>However, there is hope for some, but not all. Many top tier schools have begun to offer to cover 100% of an applicant’s “demonstrated” financial need. Now, for those accelerated students who were worried about paying for college, this is a viable option. But it begs the question, what is “demonstrated need?” According to the Collegeboard and the FAFSA, if you make below a magic number you are needy, and therefore unable to pay for college, at least most of it. However for the incredible amount of middle class families out there, who aren’t rich enough to afford a 45,000 dollar price tag to a school like Richmond, but are “too” successful to qualify for aid, we are up the proverbial creek. </p>

<p>Admissions counselors, parents, and teachers all say there are other ways to pay for college and to some extent they are correct. There are third party scholarships some may qualify for. I have spent countless hours scouring Google desperately looking for the homerun scholarship that will help me pay for what amounts to the most important four years of my life. And to be honest, there were a few that looked promising, but if you read the fine print, “applicants must show demonstrated financial need.” There it is again. The truly lucky students have found scholarships that are “need blind” but those are few and far between and often involve weeks of preparation and essay writing.
When I was growing up my parents loved me and my father did well in his job as a banker. And when I began looking at colleges they encouraged me to look for schools that interested me and I genuinely wanted to go to. I foolishly believed that the world would right itself and that some kind of financial fairy would bestow to my parents the 200,000 dollars needed for my college studies. Now, faced with the reality of a plummeting stock market, rising tuition, shrinking university funds and the relative lack of substantial 3rd party scholarships; I just want to give up and go to the school not of my dreams, like my counselors, teachers, and parents told me about, but to the one that offers the most money, probably the Crimson Tide.</p>

<p>Maybe our new President and his generous financial programs will divert some monies from some obscure fund and toss the middle class a bone, but that remains to be seen. I feel that after working hard my entire high school career, maintaining a 4.0 at one of the hardest schools in state, that I shouldn’t be punished and not allowed to attend the school of my dreams because my parents have a moderate savings account and money in the stock market. The upper class can for the most part afford a college education, the lower class can usually show demonstrated need, but the middle class is supposed to liquidate their house, their stock portfolios, and sell their first born to send their kids to university.</p>

<p>Thoughts:</p>

<ol>
<li><p>Any time I hear of a student talking about his "dream school" I know there's trouble ahead. There are many good schools, and not just one particular school that will meet the needs of any particular student.</p></li>
<li><p>Remember that the average family income in the US is just under 50K. Any family at, or near, that income would be eligible for significant need-based aid, and most families making twice that are still eligible for some need-based aid, based on the federal methodology. Some students from families with significant means have a skewed sense of what an average family faces, and what "middle class" really is.</p></li>
<li><p>There's no reason for you to have believed that a "financial fairy" would bestow your family with 200K. College costs are expected to be met through current income, and savings, and loans. </p></li>
<li><p>You're not "screwed", you're fortunate that your family has savings and investments, and has significant income (based on your assertion that you're not eligible for need-based aid).</p></li>
<li><p>Suggest you have a frank discussion with your parents about how much they can afford to contribute to you education, through savings, current income, and loans. And start seeking merit aid. Good luck.</p></li>
</ol>

<p>Please don't take offense, but it seems very negative and a bit whiny. You come across as feeling entitled to attend any school you'd like without participating in the financing of your own education. Maybe you could take this opportunity to offer real guidance and suggestions to others in your situation - look for schools you'd like that offer substantial merit scholarships based on grades and test scores; get a job and start saving now; find out how much your family can afford to pay from savings and income and how much you/they are willing to borrow; look for local scholarships that are less likely to be need based. Also, it is entirely possible and quite common to start at a less expensive school and transfer to your "dream school" after two years. The bottom line is that you are not entitled to go to your dream school on someone else's dime, whether it's your parents or the taxpayers, so it's time to be an adult and start making your own dreams happen!</p>

<p>Also, "middle class" is an overused term - try to define the range you're talking about to make sure you, and your readers, understand you're what referring to. My sense is that you're referring to "upper middle class" incomes. The term "lower class" shouldn't be used at all, imo, and should read "low income". Also, "low income" kids are not really in a better situation for college funding, as your article implies. The only thing a 0 EFC guarantees is a Pell grant (under $5K) and access to a $3500 subsidized loan. Many, but not all, have not had access to the same educational opportunities, test prep, EC's, etc. to win those competitve scholarships and have had to work to pay for their own expenses or help their families stay afloat. Aside from the fact that their parents simply don't have the current income to pay tuition bills, they usually don't have stock portfolios, retirement accounts, and substantial home equity to fall back on. I'm pretty sure many would trade places with you, financially, in a heartbeat.</p>

<p>The "bone" for the middle and higher income has been tax deductions ($4,000) and credits (Hope and Lifetime Learning) and access to Stafford loans, which were increased by $2000/yr. My guess is that Obama will continue and/or enhance these, maybe with something like this:</p>

<p>Obama and Biden will create a new American Opportunity Tax Credit worth $4,000 in exchange for community service. It will cover two-thirds the cost of tuition at the average public college or university and make community college tuition completely free for most students.</p>

<p>Source: Barack</a> Obama and Joe Biden: The Change We Need | Education</p>