01-09-2017, 08:04 AM
We've been talking about this on the sister forum.
Important to note- this is only for their public education system (community and state colleges) and is a last dollar award. IMO, not worth the hype. This is a whole lotta nothing meant to attract media attention.
Average tuition in NY for the colleges being discussed is roughly $6,800/year. Pell is deducted first (roughly $5,600) so the big to-do here is providing the student about somewhere around $1,200. I get that dorm adds cost if you are not at a community college... BUT.....can we please just make kids pay part of their own education? My 9 year old son made that the first year of his gumball business. Seriously. Having a $1200 balance assumes no academic scholarship, no athletic scholarship, no Rotary scholarship, no Chick-fil-a scholarship, no anything......
My opinion is that this does not ENCOURAGE smart spending, smart borrowing, or smart planning.
I've said it before, but if we want to pay for part of a student's education, let's pay for grad school - the students in that application pool have already demonstrated all the signs of readiness and grit that eat freshman for lunch.
Important to note- this is only for their public education system (community and state colleges) and is a last dollar award. IMO, not worth the hype. This is a whole lotta nothing meant to attract media attention.
Average tuition in NY for the colleges being discussed is roughly $6,800/year. Pell is deducted first (roughly $5,600) so the big to-do here is providing the student about somewhere around $1,200. I get that dorm adds cost if you are not at a community college... BUT.....can we please just make kids pay part of their own education? My 9 year old son made that the first year of his gumball business. Seriously. Having a $1200 balance assumes no academic scholarship, no athletic scholarship, no Rotary scholarship, no Chick-fil-a scholarship, no anything......
My opinion is that this does not ENCOURAGE smart spending, smart borrowing, or smart planning.
I've said it before, but if we want to pay for part of a student's education, let's pay for grad school - the students in that application pool have already demonstrated all the signs of readiness and grit that eat freshman for lunch.
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