Due to the fucked up way financial aid works a parent in some situations is better off blowing their kids college savings for a good reliable safe car for the kid to go to college with and having the cost of the car made up for with better financial aid.
The same also goes for the kid working over the table before college.
You worked, that'll be less aid for you, your parents saved, less aid for you. Oh you did "nothing" and your parents have "no" savings, heres tuition.
God bless america.
so true. financial aid is fucked up in every way. a kid I know (should say not a friend) gamed the whole system so hard. he's going to Harvard, and since I know his family a bit I know his dad dropped his job (literally stopped working, he wasn't fired or anything) the kid's junior year. they only had to make a few lifestyle changes like selling a 2004 Cadillac for a complete POS 80s Toyota, but it ended up paying off because he practically has tuition completely covered. the dad can get back to working as soon as the kid's out of college and enjoy a nice lifestyle once again (and the fact that Harvard covered the kid's education simply because the parents went all pseudo-poor on the school).
there's plenty of stories like this one. I'm glad my parents didn't take that fucked up take-what-you-can route. I didn't even apply for financial aid because my parents knew we're too well off to get any help. My dad still promised me that he'd work his ass off my last few years of high school to completely pay for a top tier private university if I got into any and wanted to go. I did end up getting into a few great private schools, even got $13k in purely merit-based (not "oh you can add diversity") scholarships to USC, but I ended up turning those down to go to UCLA this fall. I decided that I would save my parents the $80k more those private schools would cost over UCLA or Berkeley because I felt that they didn't offer an education that was worth that much more over the top public schools in California.
It kinda sucked having to sit at awards ceremonies this year and looking through all the senior info packets that showed a bunch of my friends' names next to schools like Harvard, Yale, Stanford, Johns Hopkins, Northwestern, Columbia, Duke, etc., and my name was just next to UCLA (when I got into or waitlisted at a few of those private schools). UCLA is a great school and I'm proud of it, and I do certainly get the silent "damn!" face when parents ask me what college I'm going to, but I never get the "shit top of the class!" face that the kid going to Harvard of course gets (when I was ranked just below him at 4th in the class at an extremely competitive large school). Oh well, though, that's just how financial aid and college works in this country.