No.
There have always been cheats and what I call cheating is quite sadly legal.
It is easier to get aid if you have no savings.
It is easier to get aid if you plow the cash that would be your savings (and expected contribution)into a bigger primary residence, a BMW and nice vacations.
I am not making it up. I knew people who traded up to a huge house to avoid handing the cash over to the colleges. I knew people who bought a flurry of cars and who had a swimming pool put in to drain (pun intended) the money that they would have to pay for their kids education.
The Maximalist family paid every last bill without a hand-out or a loan.
We need to tighten the rules.
No hide the cash in the beemer and no money for useless studies.
Why should people who do save or people with no kiddies subsidize parents who want to skip out on their obligations?
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