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Subject:
College for the Wealthy
Category: Reference, Education and News > Education Asked by: mvohanesian-ga List Price: $10.00 |
Posted:
26 Jan 2006 13:13 PST
Expires: 25 Feb 2006 13:13 PST Question ID: 438040 |
I'm currently a junior in high school and trying to find the right college to go to. My Father makes a lot of money and has a lot of assets. There seems to be very little scholarships out there for me. My Father wants to give very little money towards my college. Are there any scholarships out there for the wealthy, whose parents don't want to give any money to them? Is there any solution to become independent from my parents? |
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There is no answer at this time. |
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Subject:
Re: College for the Wealthy
From: shockandawe-ga on 26 Jan 2006 14:13 PST |
Student loans. How the middle half lives. |
Subject:
Re: College for the Wealthy
From: nronronronro-ga on 26 Jan 2006 15:51 PST |
mvohanesian, Your dad may be doing you a big favor. I have wealthy clients. Many of the kids..er...uh...young adults are completely messed up from the influences of Dad's money. Paying bail money for Junior is one of my least favorite duties. On othe other hand, I have a client in Chicago worth $20+ million. His kids have received no special treatment of any kind. His kids work like longshoremen---all have had jobs throughout their lives. They are all well-adjusted, and the oldest is now starting his own business. So rest assured...Dad loves you. You will find a way to pay for college, and someday you will thank your Old Man. ron |
Subject:
Re: College for the Wealthy
From: nelson-ga on 26 Jan 2006 16:18 PST |
Scholarships for the wealthy. Up to know I've had no idea what to do with myself, but now I've found my calling. I'll go to third-world countries begging for donations to send rich, over-privileged kids to college. Thank you for opening my eyes. |
Subject:
Re: College for the Wealthy
From: needsomeinfo-ga on 26 Jan 2006 21:01 PST |
Come on, nelson-ga... This is what, probably a 16 year old guy who is trying to figure out how to pay for college. I'm sure he found your comment very helpful. Mvohanesian - Typically, it is tough to prove financial independence from parents. In order to be proven financially independent, you need to be one of the following: 25 or older, married, working towards a degree beyond a bachelors, have kids, be an orphan/ward of the court, or a veteran. But, parental wealth typically doesn't impact scholarships and being considered financially independent won't necessairly help your chances with getting scholarships. While some are directed at specific populations...left-handed people, low-income, etc., many are merit based. So depending on your grades, any skills, sports, etc., you can probably find something you may be eligible for. I would bet your high school counseling office has resources on these types of scholarships. Another good resource for scholarships is the colleges you are looking at. Oftentimes, schools will have their own scholarship programs for their students. For example, where I went to college gave every student with a GPA over 3.0 a certain amount of money, and over 3.5 a bit more money. Honestly, your familiy's wealth will probably make it harder for you to get good student loans than scholarships. By "good" I mean subsidized (0% interest rate) or low-rate student loans. But you will be eligible for some loans. But you will be able to get some kind of loans if you need them I agree with Ron, it sounds like your Dad really has your best interests at heart. It won't be easy, but we always value things that we have to work for over things that are handed to us. I would be that if you approached your father with the attitude of respecting his position and asking him for his help as you figure out how to finance your college education, he would be willing to help. But, even if he can't or won't help, then you schools counseling office will definitely be able to and will also have a vast range or resources available. Best of luck to you. |
Subject:
Re: College for the Wealthy
From: annacheriyan-ga on 14 Feb 2006 08:51 PST |
hi, u can join in germany because in germany there is no tution fees and they are giving stipend for u... and the boarding and lodging will be free..... u can earn money even in part time.if u work for for 8 hours u can spend that for a week..... |
Subject:
Re: College for the Wealthy
From: myoarin-ga on 14 Feb 2006 10:16 PST |
I don't know about the boarding and lodging being free in Germany, rather doubt it, and there is talk about establishing tuition. If this happens, Germany will might follow the lead of England and impose much higher tuition on foreign students, but probably still much less than what a good college can cost in the States. Mvohanesian, Your father's attitude may change if you get accepted to a good college, which is the first step. Also, his attitude may not be about spending money but rather about how he feels about you at the moment. Teenagers can be difficult for parents, even pretty civilized teenagers (I used to have a couple). Maybe he wishes he had taken the route that the Chicago father had and is trying (threatening to) jump on that train for the future. When the time comes, your argument is that he isn't giving you the money - or wasting it on you - but making it possible for you to get the best education available, the best thing for your future. Yes, there are merit scholarships awarded by some colleges to attract outstanding students who probably could afford go to a better college or win a scholarship there. The best colleges don't have to use merit scholarships. Some of them claim that when selecting students they don't consider whether or not the parents can pay the tuition. Get accepted, and college will then talk about financing, if necessary. And if it isn't, I doubt that a father would then insist that his son had to go to a cheaper college simply to "teach him a lesson." Well, I certainly hope not. Work towards getting accepted to a good college. Good luck, Myoarin |
Subject:
Re: College for the Wealthy
From: jrt2-ga on 16 Feb 2006 14:26 PST |
Try a scholarship search service, such as http://www.fastweb.com to identify scholarships that you may qualify for. Also, your guidance counselor can be a good resource when it comes to locating local scholarships you might be eligible to apply for. Have you considered going into the Service and letting Uncle Sam pay for your education? Have you onsidered getting information on educational loans? Perhaps discussing these as possible options with your parents would show them that you are serious enough about your education that you are looking into various ways of financing it. And it has to be said that there are a number of great middle-tier schools - at which you can receive a fine education - that give pretty generous scholarships if you have a decent transcript. If you need help identifying some of these, or more specifics on the scholarships, I'd be happy to help out. |
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