Last week, I met with a client who couldn't understand why the people who run the FASFA program wouldn't treat her son as an "emancipated" student; thus qualifying for more financial aid.
I explained to her that it's difficult to claim that someone is "emancipated" when they still live at home.
What struck me was the comment she made as she was leaving my office.
"They expect us to use our home equity to fund his college!"
Since I had about a hundred tax returns to finish, I really didn't think about what she was saying. But think about the implication of her comments.
She's not willing to use her assets to educate her kid but she expects the rest of us to do it for her.
While it's easy to pick on her for this comment, it's actually more prevalent for people who are trying to shield a parent's assets so they can put their parent in a nursing home paid by.... anyone.... anyone..... anyone.... the taxpayer.
It's actually one of the more unseemly side effects of government involvement in our lives.
Seriously, why should you save money for anything when the government will be there to bail your ass out?
Why shouldn't this woman expect the taxpayer's to pay for her kids tuition when her tax dollars are being spent on health care for the indigent or some inflated pension for a public sector worker.
So I have a solution, let's all keep our own money and pay for our own shit. At least we get the middle man out of the equation.
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