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urgjotonlkec t1_j4qc67h wrote

Reply to comment by synesthesiah in The Number of Hours You'd Have to Work at a Minimum Wage Job to Afford a Year of Tuition in Each State by SandyBeaches2016

So basically it only applies to people with rich parents who are dicks and won't help them pay? That seems like a pretty esoteric concern. Especially because those people could get loans and pay after they graduate and have a higher income.

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ReaderSeventy2 t1_j4qepxz wrote

>The income limit for an automatic zero expected family contribution is $27,000.

https://www.bestcolleges.com/student-finance/fafsa-income-limits/

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urgjotonlkec t1_j4qftnz wrote

AKA: More than minimum wage.

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theredwoodcurtain t1_j4qh545 wrote

Yes, wages are so low in many places that a parent supporting a family on a single income falls below many means-tested thresholds.

$27k is $13 an hour, assuming 40 hour weeks 52 weeks a year with no days off. This is below minimum wage where I live.

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urgjotonlkec t1_j4qhr04 wrote

Well yeah, that's the whole point of having a means tested benefits program. If nobody qualified it would be pretty useless. But you can get subsidies up to an income of like $200,000.

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theredwoodcurtain t1_j4qi13y wrote

Weird because it seems like you understand how these programs benefit low income people, but just two comments ago you said they were for the kids of rich people only.

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urgjotonlkec t1_j4qi81v wrote

No, this GRAPH is only for rich people. It's pointless

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chocobloo t1_j4qekwe wrote

Loans and cost of schooling is such a trap these days that being a plumber is more profitable long term than something like a doctor.

For profit education is a scam and so are the loans that support it. The fact that anyone would spout such garbage in support of it is kind of a weirdly fitting example of how little education the average person gets these days.

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urgjotonlkec t1_j4qg3ox wrote

That's nonsense. The average individual with a college degree earns over a million dollars more in their lifetime. The average student loans are only $30,000 and that's ignoring all the people with no loans at all. There is no better investment a person in this can make than their own education.

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