tag:blogger.com,1999:blog-4203408972231026992012-02-16T14:04:31.855-08:00---noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-420340897223102699.post-3941255205475195962008-06-30T14:38:00.000-07:002008-06-30T14:51:27.098-07:00I'm rich. Yippe! I didn't know that until I filled out the Free Application for Federal Student Aid for my college bound student.<div><br /></div><div>If you've ever completed this form, you know what a royal pain it is. If not — it's full of questions on your income, your wife's income, your investment income, your child's income, your imaginry income and all kinds of financial questions.</div><div><br /></div><div>Then, after pages of income questions comes the somewhat humbling question of net worth. Let's just say that mine is PATHETIC. But that's not the ultimate FAFSA “kick on the pants.’</div><div><br /></div><div>After reviewing my middle class income, my nearly non-existent investments and my less than $10,000 net worth (minus retirement and home values), the government geniuses at FAFSA judging headquarters determiend that I have $19,000 lying around to use each year for college. $19,000 A YEAR!!!</div><div><br /></div><div>After reviewing my income, did they ask me how much my “fixed” expenses are? NO. Did they ask how much my house payment was? No. How about how much I spend on health, auto, home and dental insurance? NO. Did they figure into their genius equation that I occasionally buy gasoline and groceries and clothing? I DON'T THINK SO. And what about other folks who may have alimony, huge medical expenses, child support or debt repayment plans — any consideration of those factors? Again, a big fat NO!</div><div><br /></div><div>The FAFSA application process is a joke. Heck, if I'd have known I was this rich, I'd have skipped filling out the goofy thing and just opened up my checkbook!</div><div><br /></div><div>In any case, if you've ever filled out one of these FAFSA forms, I'd be curious as to your thoughts and comments.</div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/420340897223102699-394125520547519596?l=timbremel.blogspot.com' alt='' /></div>---noreply@blogger.com0