Our wage is higher than national average. However, are there steps to be taken such that our kids with receive financial aid in college? If you have any financial advisor recommendation, please DM me. I do not have FANG TC, so financiak aid will help.
Actually you cant just pretend kids are financially independent at 18. When I was in school, kids whose money flow from parents was stopped while parents were living had to wait until they were 24 to apply independently. They can't make it easy for wealthy ppl to scam the financial aid process. For grad school, under 24 can borrow full cost of tuition though
No, you cheap bastard. 😬 Actually when they’re 24, they can take out full loans themselves and qualify for more low income grant money. But until then your money counts as their money, so pony up. Or send them to Europe for school.
If you disown them at 17, they’ll qualify for max aid. Food stamps too (bonus). Other wise they can try academic scholarships (too hard) or loans (too much responsibility) like the rest of us.
What is the disadvantage of disowning your child?