In response to:

Student Savings Plans

john653 Wrote: Oct 18, 2012 8:48 AM
Why do we give financial aid of any kind? Even to students? All I have seen it do is create bureaucracies, spend money, and complaints about the unintended consequences. Unintended like a student graduating with 1000's of dollars in debt, and attempts to write off and forgive the loans, etc. We need to quit all of this giving. I did not elect politicians solely for the purpose of giving away money. Its great that this student saved her money for school, I did also. Only difference was there was nobody around to lend me money or muchless give it to me. So I washed dishes to support myself. a highschool education is esential. But college is optional. It is being treated as the holy grail, when in fact it is actually the wrong direction for a
john653 Wrote: Oct 18, 2012 8:51 AM
lot of students who should be out learning a trade rather then listening to a teacher in college. There is to much emphasis now days to giving away money for programs designed by some of these politicians to gain votes.

Dear Carrie: I've always encouraged my daughter to work to contribute to her college costs and she's managed to save quite a bit. Now I'm told that her savings may actually work against her in terms of financial aid. Why is this? Is there anything we can do? --A Reader

Dear Reader: I think it's great that your daughter is saving for college. To me, having kids contribute to college costs has a double benefit: It not only instills good savings habits, it also gives students a personal stake in their education.

However, when it comes to qualifying for...