If my parents used a UGMA for my college fund am I screwed?

<p>Mutt, I’m always a bit taken aback when I hear people say they should have bought a bigger house rather than save for college.</p>

<p>Every dime of aid you get is someone elses money. There is no financial aid fairy.</p>

<p>Every year I call classmates and plead with them to give generously to our Alma mater so that kids who can’t afford it have the opportunity to attend. If I asked them to give so that upper middle class families could have bigger houses, there would be no money for aid.</p>

<p>So be thankful you have parents who saved for you, and be happy the really needy will have the opportunity to go to college too.</p>