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The following postings have been filtered by tag Financial aid. clear filter
  •  Paying For College – Who Should Take Responsibility?

    Saturday, Apr. 28, 2012
    The accompanying photo is by DonkeyHotey, available under a Creative Commons license on Flickr
    The accompanying photo is by DonkeyHotey, available under a Creative Commons license on Flickr

    The best college student comment on "Paying For College – Who Should Take Responsibility?" wins a $100 Amazon gift certificate.  Entries must be received by midnight, May 13.  Finalists are selected by likes, so get your friends to like your comment. Subscribe to the blog (by RSS or by email in the right hand column) for updates. 

    Kevin is enjoying his sophomore year at a small, private university on the east coast. He has good friends, he’s close with his professors, and he is involved with a community service club on campus. He also works 20 hours a week for dining services to defray the cost of his room and board. Unfortunately, however, he has just learned that a scholarship he received for the first two years won't be renewed, and his tuition money will take a big hit.

    When Kevin chose this college, his parents had agreed to pay for his schooling; however, in order to afford the increased cost, they would have to push back their retirement, working years past when they intended to stop.

    Kevin is already working the maximum number of hours he's allowed.  Assuming he can't find scholarships to cover the rest, should he be expected to attend a cheaper, state college? Or should Kevin’s parents be expected to make the sacrifice?


    Further Information

    Framework for Ethical Decision Making 
    Who Should Pay for College? (USA Today College)
    Student Debt and the Importance of College

  •  The Slowdown Hits Home

    Monday, Jun. 20, 2011

    $50 Amazon gift certificate to the best student response on this case received by midnight, June 5.

    Kayla is going to be a freshman at a prestigious university, which was her first choice for college.  Unfortunately, it’s also one of the more expensive institutions of higher learning in the country.

    When Kayla was making her applications, her family was in good shape financially, but just before she was accepted, she learned her father had been laid off from his job as a software engineer.  In order to send Kayla to her first-choice school, her parents intend to dip into their retirement accounts. 

    Should Kayla allow them to do this, or should she go to the less expensive state university, where she was also accepted?


    Here are some resources that might be useful:


    Balancing kids' college and retirement saving

    A Framework for Ethical Decision Making

    Pay for College (CollegeBoard) 


    Photo by Daniel Moyle available under Creative Commons Attribution-Non-Commercial License.


    Posted by Rebecca Bivona-Guttadauro