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Leon Trotsky 2012 posted:Yale is need-blind and a full-need/no-loans. The average person gets 2/3 of their costs covered by the school. The whole ivy league is like that, but the framing is a little disengenuos. You have to fill out a poo poo load of FAFSA and other forms about all your assets and the assets of your parents. After the school has finished crawling all the way up your rear end in a top hat financially, they know exactly how much you "can" pay from personal assets, pre-approved government subsidized loans, and government grants, so then the top line sticker price is reduced to that level with a bunch of internal grants and scholarships. Now they've maximized revenue from every single customer and given themselves a pat on the back for being so generous. If buying a car meant having a dealership audit the finances or me and my family to figure out exactly how much money we can all pay monthly for a car without going broke, charging me exactly that, and then colluding with all the other car dealers in town to sell cars the same way, we'd call it abusive and illegal price fixing. For universities it's called a noble commitment to making higher education affordable.
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Sep 7, 2022 18:21
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I've always wondered for FAFSA type stuff - what if your parents have substantial means, but refuse to provide any assistance with paying for college? My dad was wealthy and paid for my undergrad, but only because the divorce agreement legally obligated him to do so. If it had been totally up to him then he would have given me lectures about bootstraps while refusing to give me a cent for college. I know this because it's exactly what happened with my older siblings who went to college before my parents divorced.
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Sep 7, 2022 18:34
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I'm like a BM (bowel movement) with M(oney).
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Sep 7, 2022 18:35
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Kefit posted:I've always wondered for FAFSA type stuff - what if your parents have substantial means, but refuse to provide any assistance with paying for college? It means you're hosed. IIRC the only recourse is getting yourself declared legally emancipated, but it's been 20 years so maybe things have changed since I went to college. I can no longer recall the arbitrary amount of money FAFSA said I'd get from my parent for college but the actual amount was $0. Edit: here are the actual criteria that determine whether you are an 'independent student': https://studentaid.gov/2122/help/need-parent-info Sirotan fucked around with this message at 18:45 on Sep 7, 2022 |
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Sep 7, 2022 18:42
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Kefit posted:I've always wondered for FAFSA type stuff - what if your parents have substantial means, but refuse to provide any assistance with paying for college? congrats to your mom
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Sep 7, 2022 18:42
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Kefit posted:I've always wondered for FAFSA type stuff - what if your parents have substantial means, but refuse to provide any assistance with paying for college? IIRC, there's a distinction wherein you can indicate in FAFSA now that your parents decline to provide help for you, but CSS Profile says you must include parental assets into the consideration. Depends on what your school goes with, I guess, on which one your school uses as primary?
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Sep 7, 2022 19:02
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rjmccall posted:congrats to your mom Tell me about it. My mom is very GWM, including how much she got out of my dad in the very justified divorce. The cherry on top of my wealthy dad's miserly life is that he passed away earlier this year and now my step-mom has 100% control of all his assets. It's unlikely me or my siblings will ever see any of that money.
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Sep 7, 2022 19:18
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I didn’t know Yale gave scholarships for MBAs. I always thought that program (along with Law school) was the money-maker for universities.
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Sep 7, 2022 19:28
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Top business schools bring in about $100 million per year in MBA tuition. They have room to be charitable. (And of courses universities aren't for-profit institutions, so their mission isn't to make as much money as possible even if it looks like that sometimes.)
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Sep 7, 2022 19:29
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lifg posted:I didn’t know Yale gave scholarships for MBAs. I always thought that program (along with Law school) was the money-maker for universities. You're also counting on some degree of a return on scholarships in donations etc for programs like that.
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Sep 7, 2022 19:39
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Terrible decisions to co-sign car loans with family members are common, but I think this is the first one where the car in question is going to be used in a high-speed police chase:quote:I co-signed for a car for my sister and… quote:When you cosigned, you assumed responsibility for the loan. It will continue to effect you the same as her until it is paid off or settled through repossession or some other process. The negative effects will stay in your credit report for seven years. It is unlikely you can get it taken off because you are legally just as responsible for it as she is. quote:They can sue you for the debt, just so you know. quote:
quote:I don't mean to kick you while you're down, but it's important that everyone else can learn from this experience. If your sister was so responsible, she never would have needed a cosigner. In fact, ironically, by cosigning, may have actually harmed her more than you helped, by assisting in locking her into a financial contract that she was unable to handle. quote:
quote:Bank auctions won’t fetch top dollar for the car, especially after fees. Getting the car from your sister and selling it yourself would likely save a lot of money. There is no little debt over bigger debt since you’re already responsible for the entire balance. quote:
quote:I’m sorry this has happened to you. As others have pointed out, it’s not her debt - it belongs to BOTH of you. There’s no “taking your name off” of anything. You’re legally responsible for this. Co-signing a loan is not an act of kindness for a family member, it’s a legal and financial responsibility. I think many here would say to never do it.
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Sep 7, 2022 19:55
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I have zero knowledge of Yale MBA scholarships policies, but I'm guessing only a tiny proportion of students pay significantly less than sticker, and it's primarily reserved for attracting top URM candidates away from Harvard/Stanford/Wharton.
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Sep 7, 2022 19:56
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Aren't most MBAs corporate sponsored for employees? If a student is having their tuition paid by their employer, there's probably not a lot of questions about aid or scholarships. That's more to go around for the self-paid students at least.
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Sep 7, 2022 19:58
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AreWeDrunkYet posted:Aren't most MBAs corporate sponsored for employees? not ones that are any good yeah i mean the vast majority of Strayer MBAs are corporate sponsored but like those are just absolute dog poo poo
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Sep 7, 2022 20:00
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I mean it's pretty common for places like McKinsey/BCG/Bain to pay for analysts to get their MBAs with the promise to return afterwards. No idea what percent of an MBA class (at good places) is made up of people like that though.
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Sep 7, 2022 20:05
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Residency Evil posted:I mean it's pretty common for places like McKinsey/BCG/Bain to pay for analysts to get their MBAs with the promise to return afterwards. No idea what percent of an MBA class (at good places) is made up of people like that though. I'd estimate that my wife's T10 cohort was maybe 20% sponsored.
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Sep 7, 2022 20:12
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Executive MBAs are generally sponsored and those are very expensive. Paying for that program yourself is extremely BWM.
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Sep 7, 2022 20:37
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ultrafilter posted:Executive MBAs are generally sponsored and those are very expensive. Paying for that program yourself is extremely BWM. oh yeah the part timers were almost entirely sponsored
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Sep 7, 2022 20:47
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KYOON GRIFFEY JR posted:You're also counting on some degree of a return on scholarships in donations etc for programs like that. This matters, but also a school's reputation is also highly dependent on its graduates, so these programs want people who are going to go out there and make them look good. It's worth being flexible on tuition for someone who's likely to be a net positive for whichever program they attend.
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Sep 7, 2022 21:55
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Sirotan posted:It means you're hosed. IIRC the only recourse is getting yourself declared legally emancipated, but it's been 20 years so maybe things have changed since I went to college. I can no longer recall the arbitrary amount of money FAFSA said I'd get from my parent for college but the actual amount was $0. It used to be (and maybe still is) if you filled out your FASFA and claimed to be an independent student you could only take out the higher rate student loans until the university's enrollment department verified your status and if you were under 24 it was very difficult to actually get independent status unless you're an obvious hard luck case like both your parents were dead.
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Sep 7, 2022 23:05
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An actual SEC filing posted:As you all know, we are joined by Patrick Orlando, CEO of Digital World Acquisition Corp. Uh, but before we get started in anything, we’re gonna go into the word of God, because there’s no reason to put aside the word of God for anything, cuz he is first and foremost in our lives. Okay, so I’m gonna, I have a really short one today. It is Proverbs 23:23, and I think you’ll really enjoy this one Patrick. Get the truth and never sell it. Also, get wisdom, discipline and good judgment, because that’s what we’re doing herefolks. We literally <laugh>, a s, as a team of investors, we have bought into truth and we are never selling because we are diamond-handed hodlers. So let’s have a quick prayer and then we’re gonna get into this. Father in heaven, we thank you for this morning and we thank you that you have sent Patrick to us, to give us direction on how to continue to fight. Lord, we thank you that you are blessing this investment.
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Sep 8, 2022 00:39
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Can't wait for the diamond-handed snake hodlers.
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Sep 8, 2022 00:58
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Lego released a Lego version of the Harry Potter train. It is $800 and was back-ordered within 2 hours of releasing. They have since put up a purchase limit on it.
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Sep 8, 2022 01:06
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It’s $500 God-fearing American dollars. Not that it makes it any less BWM (or BWL from the Rowling perspective). EDIT: and it still seems to be in stock and available to order stateside, so hopefully fewer people than expected are funding her.
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Sep 8, 2022 01:20
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Blue Moonlight posted:It’s $500 God-fearing American dollars. Not that it makes it any less BWM (or BWL from the Rowling perspective). Yeah, still pretty wild. Someone linked the Australian version with their fake dollery-doos and I didn't notice because the Australian and U.S. versions are both hosted on the same lego.com address. https://www.lego.com/en-au/product/hogwarts-express-collectors-edition-76405 I know that Australians get hosed on electronics, but a 60% price increase from American dollars for a Lego set is pretty punishing to the poor Aussie train/lego enthusiasts. The currency difference is only around 45%. Edit: Weirdly, they have implemented a household limit of 2 for Aussies, but not for Americans. Leon Trotsky 2012 fucked around with this message at 01:31 on Sep 8, 2022 |
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Sep 8, 2022 01:23
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Kefit posted:I've always wondered for FAFSA type stuff - what if your parents have substantial means, but refuse to provide any assistance with paying for college? lol the only reason i was able to go to college is because i got married at 20 and was able to get the full student loan amount per semester. if you're not considered "independent" (over 26, or married, or military), you can only get half the amount of stafford loans. i went to a state school on in-state tuition and i still had another ~$2k every semester to pay beyond my student loans coverage, as an independent student. frankly, if i'd had to wait until 26 to start, i would never have gone. edit: i'm also kind of a dummy and was a high school dropout at the time, so ymmv if you're not a waste of space in your teens. if you are tho, lol. other than loans, there was no financial assistance available for me. in my third year, i got a scholarship of $1k a year for my (at the time) 3.9 GPA, and then lost it because I blew a 3.6 the following semester 🤗 Gnossiennes fucked around with this message at 01:39 on Sep 8, 2022 |
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Sep 8, 2022 01:34
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Leon Trotsky 2012 posted:Yeah, still pretty wild. Someone linked the Australian version with their fake dollery-doos and I didn't notice because the Australian and U.S. versions are both hosted on the same lego.com address. I'm sure the dollarydoo price includes 10% GST so it's not that far off.
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Sep 8, 2022 01:47
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Lego is a goddamn money printer.
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Sep 8, 2022 02:32
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Kefit posted:I've always wondered for FAFSA type stuff - what if your parents have substantial means, but refuse to provide any assistance with paying for college? My parents were declared by FAFSA to be completely capable of covering my education so no grants or subsidized loans. They weren't willing to contribute or cosign parent plus loans. I wasn't able to attend the top 3 choices that I was admitted to because I had no way to pay. I ended up at a state school half way across the country that offered a niche full ride scholarship. They were under threat from losing ABET accreditation my first three years but in the end I ended up teaching things to professors, doing all kinds of networking, and graduating 3rd in my class. I probably would have needed to avoid all kinds of personal growth and networking to hit middle of the pack at my top choice school. In my experience, it really narrows your options but parental income skews so many metrics that you'll still end up above average.
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Sep 8, 2022 03:53
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Leon Trotsky 2012 posted:Lego released a Lego version of the Harry Potter train. It's because the resell for complete sets is like 2x the msrp. Legos are insanely GWM because if you get one at retail you will double your money no question.
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Sep 8, 2022 03:53
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Kefit posted:I've always wondered for FAFSA type stuff - what if your parents have substantial means, but refuse to provide any assistance with paying for college? in undergrad i had an acquaintance who was dealing with something like this. instead of going through the emancipation process, she married the guy she met in her freshman year because that apparently has the same effect with less paperwork. when i ran into them at a wedding a decade later they were still together, so hopefully it all continued to work out for them
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Sep 8, 2022 04:59
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pentyne posted:It's because the resell for complete sets is like 2x the msrp. So, what I'm hearing is that I should be maxing out my limit of 2 purchases on the $800 Harry Potter train right now or else I'm losing money?
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Sep 8, 2022 05:14
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Leon Trotsky 2012 posted:So, what I'm hearing is that I should be maxing out my limit of 2 purchases on the $800 Harry Potter train right now or else I'm losing money? Yes, and (this is important) you need to put it all on credit.
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Sep 8, 2022 05:16
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Could someone co-sign with me for all of these Lego sets?
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Sep 8, 2022 05:23
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Business idea: Beanie Baby NFTs.
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Sep 8, 2022 05:29
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8one6 posted:Only if you admit to buying it for the glass skull it comes in. Did exactly this and gave the vodka away. No regrets.
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Sep 8, 2022 05:48
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Kefit posted:I've always wondered for FAFSA type stuff - what if your parents have substantial means, but refuse to provide any assistance with paying for college? This is when the GWM thing is to get married. Once you are married, as long as your parents can't claim you as a dependent, you don't have to deal with claiming them on FAFSA. This is how I no longer had to report my mom's business assets that screwed all things FAFSA. Edit: apparently I should catch up on the thread before posting. Pinus Porcus fucked around with this message at 06:08 on Sep 8, 2022 |
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Sep 8, 2022 06:06
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Pinus Porcus posted:This is when the GWM thing is to get married. Once you are married, as long as your parents can't claim you as a dependent, you don't have to deal with claiming them on FAFSA. pretty much, yep. i'm still married 13 years later to the same person, so good on 20 year old me for making a decent decision! if i had to go back and do things differently, i'd make some different career decisions, but i'd do the marriage again. i will tell anyone under the age of ~25 to not get married tho. let that brain keep baking a little longer, it ain't done yet.
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Sep 8, 2022 07:36
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Pinus Porcus posted:This is when the GWM thing is to get married. Once you are married, as long as your parents can't claim you as a dependent, you don't have to deal with claiming them on FAFSA. Yeah…..uhhhh……I would think very long and very hard about getting married in order to get your parents’ income off of FASFA. Why? I did it in 1986 and thought I was brilliant for coming up with the idea. After the divorce in 1993, I was less certain of the idea. Getting married very young rarely works out in the long haul these days, and getting through college and trying to cope with immaturity-related marital strife while studying and working a part-time job is no walk in the park. Plus, divorce in general is usually BWM for both parties. Yes, I know people’s grandparents got married at 15 and had 65 years of bliss, but things aren’t the same as they used to be.
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Sep 8, 2022 12:34
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"Getting married for financial benefits" doesn't mean you have to go all-in on intimacy and stuff. Three years of studies, avoid commingling assets, an amicable divorce and then move on.
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Sep 8, 2022 12:43
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