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These days with same sex marriage, you and a buddy can just get married and then divorced right after college.
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Sep 8, 2022 12:46
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Jabor posted:"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. Yeah what 18 year old doesn’t understand this?
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Sep 8, 2022 12:47
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I mean, who among us hasn't married someone for money before? Let he who is without sin yadda yadda
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Sep 8, 2022 21:29
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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? You're screwed. You can get unsubsidized loans and private loans. Your parents being unwilling to pay for college does not get you independent status. Now if they're unwilling to pay because you won't go to gay conversion therapy or some other terrible parent special, you can file an appeal for independent status. Raskolnikov2089 fucked around with this message at 22:05 on Sep 8, 2022 |
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Sep 8, 2022 21:55
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Listen. If we just gave people money for college because their parents signed a piece of paper saying they didn't want to pay for college, people would figure out they can just sign the piece of paper and get free college. Then we'd have to give free college educations to everyone. That's called Communism and enslavement.
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Sep 8, 2022 22:08
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mrmcd posted:Listen. If we just gave people money for college because their parents signed a piece of paper saying they didn't want to pay for college, people would figure out they can just sign the piece of paper and get free college. Then we'd have to give free college educations to everyone. That's called Communism and enslavement. A lot of wealthy people do this already. They get their kids emancipated right before college so they're "independent" for the FAFSA.
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Sep 8, 2022 22:33
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Ham Equity posted:A lot of wealthy people do this already. They get their kids emancipated right before college so they're "independent" for the FAFSA. There's also a pretty sizable industry selling shares in condos so students can pay in state tuition.
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Sep 8, 2022 23:15
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Ham Equity posted:A lot of wealthy people do this already. They get their kids emancipated right before college so they're "independent" for the FAFSA. College costs are barely a consideration for actually wealthy people. We had this whole conversation not long ago in this thread or a different one. I don't know where this idea came from, but I'd like to see someone source it with some kind of information. Because it seems like you'd need to be in such a specific situation of having enough money that you feel the hassle of this is worth it, the RISK of this is worth it (you will be lying to a judge) but not enough money to just go "huh, that sucks, guess I'm helping you pay for college".
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Sep 8, 2022 23:19
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Bird in a Blender posted:These days with same sex marriage, you and a buddy can just get married and then divorced right after college. This should be a Judd Apatow movie. Also, I remember hearing an old story where in Texas I think you could prove residency with a business license. So $40 later you could qualify for in state
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Sep 8, 2022 23:23
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Bird in a Blender posted:These days with same sex marriage, you and a buddy can just get married and then divorced right after college. This was a conversation me and my buddy had multiple times after he joined the military. I guess the perks are pretty nice.
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Sep 8, 2022 23:24
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Motronic posted:College costs are barely a consideration for actually wealthy people. My sister was friends with a girl in HS who's parents tried to pull this. They were EXTREMELY thread-worthy in a bunch of regards. Middle-class income, too much house, bought new cars all the time, messy divorce, and then both of them lavished dumb gifts on the people they dated after that. I remember the mom buying a boyfriend a motorcycle, for example. They tried to emancipate the daughter but it didn't work for some reason. I don't remember the details - this was 20+ years ago and when it was going down I was busy drinking my brain away in college - but the tl;dr was that didn't pan out and they ended up spending yet more money on lawyers while they argued about how much they should pay for school etc. The daughter ended up going to a community college on her own dime iirc. edit: this isn't saying it isn't a quasi-urban legend. These two were the kind of idiots who I 100% could believe hearing someone talk about one weird trick and going whole hog on it. If they'd been born a couple decades later they would probably have been getting into crypto and taking financial advice from reddit.
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Sep 9, 2022 00:10
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Motronic posted:College costs are barely a consideration for actually wealthy people. https://www.propublica.org/article/university-of-illinois-financial-aid-fafsa-parents-guardianship-children-students
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Sep 9, 2022 00:18
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Raskolnikov2089 posted:There's also a pretty sizable industry selling shares in condos so students can pay in state tuition. That's not even a rich person thing. If you're actually rich you contribute a shitton to a 529 for your kid, you buy a house near campus. You then take like $6k a month out of the 529 for rent and pocket it, allowing you to both pay for the house and avoid paying taxes on investments. Then your kid rents out rooms to other people and pockets that cash. It's basically grifts all the way down
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Sep 9, 2022 00:30
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Ham Equity posted:https://www.propublica.org/article/university-of-illinois-financial-aid-fafsa-parents-guardianship-children-students So a dozen families all in the same district/family court in and around Chicago where it became known that you could get away with this? Wow. That sure sounds a very different than "a lot of wealthy people".
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Sep 9, 2022 01:00
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Motronic posted:So a dozen families all in the same district/family court in and around Chicago where it became known that you could get away with this? Wow. That sure sounds a very different than "a lot of wealthy people". If you'd actually read the loving article, it was four dozen in a wealthy Chicago suburb in an eighteen-month period, which yes I would classify as "a lot." We're talking about kids of a single age in one loving county, so yeah, that's a loving lot.
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Sep 9, 2022 01:09
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Ham Equity posted:If you'd actually read the loving article, it was four dozen in a wealthy Chicago suburb in an eighteen-month period, which yes I would classify as "a lot." We're talking about kids of a single age in one loving county, so yeah, that's a loving lot. Ohhhhh!!! a whole 4 dozen! All represented by the same 2 firms. Propublicia certainly got the reaction they were looking for out of you on that one. I know most people aren't good at dealing with huge numbers, but I assure you in light of the dollars we're talking about here both paid for college and given as need-based this is less than a thousandth of a percent each year. This is hardly notable, which is why all you can find on this topic is this one article and a bunch of trash news sources reporting on the publication of this article. It's not common. It's not something that is reasonable or easy to do in most jurisdictions. It doesn't even make sense to discuss outside of the context of Chicago suburbs. I'm not justifying this. I'm saying it's less relevant than ranting about how these drat blue collar tradies who get paid in cash a lot of the time don't report all of their income and get need based benefits for their kids. But that wouldn't be as satisfying for you be outraged over now would it? Motronic fucked around with this message at 01:36 on Sep 9, 2022 |
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Sep 9, 2022 01:33
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loving hell Motronic, do you have to be an abrasive, condescending loving arsehole to everyone who posts a comment that doesn't meet your lofty standards? Try chilling out a bit. Not everyone is as smart and correct as you, we get it. It's an Internet discussion board, not the annals of Congress.
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Sep 9, 2022 02:00
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Weatherman posted:loving hell Motronic, do you have to be an abrasive, condescending loving arsehole to everyone who posts a comment that doesn't meet your lofty standards? When the same ill-informed crap keeps coming up as a pattern yeah, I'm gonna call that poo poo out. I thought this type of "so brave" posting was for CSPAM, not BFC.
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Sep 9, 2022 02:04
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Motronic posted:Ohhhhh!!! a whole 4 dozen! All represented by the same 2 firms. Propublicia certainly got the reaction they were looking for out of you on that one. If you want to be a complete dick about having to be right about everything, that's you're prerogative, but you should make sure you're actually loving right about it.
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Sep 9, 2022 02:23
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grifters gonna grift, but what do you actually want done about it? i think just quitting all means testing and paying for everyone's school sounds like a great solution.
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Sep 9, 2022 02:49
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Motronic posted:When the same ill-informed crap keeps coming up as a pattern yeah, I'm gonna call that poo poo out. I thought this type of "so brave" posting was for CSPAM, not BFC. You show them, buddy
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Sep 9, 2022 02:52
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Mr. Fix It posted:grifters gonna grift, but what do you actually want done about it? i think just quitting all means testing and paying for everyone's school sounds like a great solution. You got it in one.
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Sep 9, 2022 02:56
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Motronic posted:When the same ill-informed crap keeps coming up as a pattern yeah, I'm gonna call that poo poo out. I thought this type of "so brave" posting was for CSPAM, not BFC. Take the L honey
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Sep 9, 2022 03:25
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Weatherman posted:loving hell Motronic, do you have to be an abrasive, condescending loving arsehole to everyone who posts a comment that doesn't meet your lofty standards? The original post was dumb though. It’s an edge case thing that is bad but rarely happens.
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Sep 9, 2022 03:59
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Gnossiennes posted:pretty much, yep. We just hit 15 years. But yea, I'm the same, I don't encourage any young person to get married. It's truly a terrible plan, and no one should look at when it succeeds as evidence that it's a good idea. But, I will also never discount the fact that I would have married my husband at some point anyway, but with 3x the student loans. We uh really should fix our education system. Content: speaking with an old supervisor the other day. He bought a trailer (like a travel trailer) a year or two back, brand new, financed of course. Because, well, he paid off his truck. Hitches up the trailer, bottoms out his suspension. Ends up upgrading his trucks suspension and getting new tires for the truck that will tow better. Drops a few grand on those things. He was showing me pictures of his new dog. Because he now has 3 dogs, in addition to his wife and two kids the new trailer is too small and he thinks he needs a larger one. I am waiting excitedly for the new truck that will also have to come with this.
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Sep 9, 2022 04:22
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Motronic posted:When the same ill-informed crap keeps coming up as a pattern yeah, I'm gonna call that poo poo out. I thought this type of "so brave" posting was for CSPAM, not BFC. Your posting brand would play quite well in C-SPAM. Take of this what you will.
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Sep 9, 2022 04:32
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Motronic posted:When the same ill-informed crap keeps coming up as a pattern yeah, I'm gonna call that poo poo out. I thought this type of "so brave" posting was for CSPAM, not BFC. 
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Sep 9, 2022 04:33
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Gaius Marius posted:This was a conversation me and my buddy had multiple times after he joined the military. I guess the perks are pretty nice. The biggest perk is getting housing allowance and not having to live in the barracks.
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Sep 9, 2022 08:11
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Ham Equity posted:DOUBLE your rate of "less than one-thousandth of a percent" Lol
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Sep 9, 2022 08:16
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ranbo das posted:That's not even a rich person thing. From what I recall to do this you still need to charge your kid "fair market value" so it's probably not gonna be 6k per month. Everything else is spot on
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Sep 9, 2022 14:04
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icecastle posted:From what I recall to do this you still need to charge your kid "fair market value" so it's probably not gonna be 6k per month. Everything else is spot on You think student housing is less then 6k a month?
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Sep 10, 2022 00:59
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Heffer posted:This should be a Judd Apatow movie. isn't that just this https://en.wikipedia.org/wiki/I_Now_Pronounce_You_Chuck_%26_Larry with college aged people
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Sep 10, 2022 16:17
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I don’t want to go down a rabbit hole but a lot of posts about FAFSA dependent/independent status are wrong (you have options if your parents refuse to pay), and more elite schools also have you fill out what’s called the CSS Profile which is a much deeper dive into your finances than the FAFSA, which mostly focused on AGI and can be gamed. One of the big issues with the FAFSA is if you own a business or a farm you can be very poor to the FAFSA and very rich in reality. I don’t want to go into too much detail, but I see this all the time. Upgrade fucked around with this message at 21:45 on Sep 10, 2022 |
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Sep 10, 2022 21:43
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Also almost nobody pays sticker price for private school undergraduate tuition
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Sep 10, 2022 21:44
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Upgrade posted:Also almost nobody pays sticker price for private school undergraduate tuition Only international students pay rack rate. And not even all of them.
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Sep 10, 2022 22:25
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Motronic posted:Only international students pay rack rate. And not even all of them. Also dumb rich kids applying to top 50 schools. They benefited immensely from test optional admissions because their low scores can’t hold them back!
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Sep 10, 2022 22:33
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Upgrade posted:Also dumb rich kids applying to top 50 schools. They benefited immensely from test optional admissions because their low scores can’t hold them back! Oh right, them too. But their parents are paying more than rack rate, they're buying stones/monuments/buildings too to get their failchildren in.
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Sep 10, 2022 22:54
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Upgrade posted:Also almost nobody pays sticker price for private school undergraduate tuition Surely it can’t be “almost no one?” Harvard lists 57% of students receiving need based aid. I’m sure there are enough rich people to pay sticker for the USCs of the world.
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Sep 10, 2022 22:57
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Residency Evil posted:Surely it can’t be “almost no one?” Harvard lists 57% of students receiving need based aid. I’m sure there are enough rich people to pay sticker for the USCs of the world. My daughter does not receive what would be categorized as "need based aid" yet she/me absolutely is not being charged rack rate at a private university that charges similarly to Harvard/Princeton/Penn/Yale.
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Sep 10, 2022 23:35
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Residency Evil posted:Surely it can’t be “almost no one?” Harvard lists 57% of students receiving need based aid. I’m sure there are enough rich people to pay sticker for the USCs of the world. Merit aid. I work in this space professionally and from the last data I looked at it was like sub 5%.
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Sep 10, 2022 23:37
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