Financial aid Bias
If you have a college with your child in the house, I probably need not tell you what can be an April month. During High School senior Confederation about what schools will recognize themselves, their parents - in collaboration with parents from the current college juniors and sophomores - frightened wait to see what next year, financial aid packages. I must confess that we are, as last year, waited to hear the four schools of my daughter, I was relatively calm on both opinions. Our daughter had very early acceptance won at MIT, and we thought, it is likely to be in one of the other schools, she asked. Moi, meanwhile, after Confederation and private aid our estimates of financial need, was confident that we will we need help, to put our daughter through college, without the poor, Finally, in the house.
Well, I was on one point: My daughter has actually accepted that their Top Picks. But with the letter of acceptance has been financial aid packages. And catches me keep it. Indeed, they were about $ 4000 to $ 5000 less per year than I had expected.
It turned out that I am not alone in my label shock. Full-time writers as free, I’m in 11 American workers, themselves, and most private colleges and universities have incorporated a bias towards self-employed, when it comes to the evaluation of financial need. How? Refusing systematically certain deductions base, we take the cost of implementing a small business - things like food and entertainment, travel and depreciation. For independents, this is a cost of the activity is not regarded as an undertaking to share costs for raw materials or advertising, but America’s higher education institutions private, add again income when determining the resources of a family, willingness to pay College.
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