BlackjackMc
Gil McGregor
When a financial institution loans money, the expectation is that they will be repaid. The borrower agrees to this expectation when they sign the loan documents.
yes but in this case, the aid has no strings attached, and you only come into extra money after your child graduates. its more of an ethical question, if you are someone who truly feels like everyone should pay their fair share (and you may not be), and you got lucky with the timing on when you received a large amount of money (after college years), is it the right thing to do to pay back the college the no strings attached financial aid even though you don't legally have to.
yes but in this case, the aid has no strings attached, and you only come into extra money after your child graduates. its more of an ethical question, if you are someone who truly feels like everyone should pay their fair share (and you may not be), and you got lucky with the timing on when you received a large amount of money (after college years), is it the right thing to do to pay back the college the no strings attached financial aid even though you don't legally have to.
yes but in this case, the aid has no strings attached, and you only come into extra money after your child graduates. its more of an ethical question, if you are someone who truly feels like everyone should pay their fair share (and you may not be), and you got lucky with the timing on when you received a large amount of money (after college years), is it the right thing to do to pay back the college the no strings attached financial aid even though you don't legally have to.
No - at the time the aid was awarded there was a legitimate need. Future windfall doesn't factor in here. If you care that much, rather than pay the university back, consider passing the funds on as a scholarship to another qualified, but less fortunate student that may need the help.
I have a question/thought to throw out: let's say that at the time your kids are applying, you qualify for and accept heavy financial aid, even though in the not too far future you will easily have enough money to pay the full tuition bill (ie., your parents pass away and you inherit a large sum or you get a huge salary raise). Is it reasonable to require or expect that you pay back the school when you eventually have the money to do so?
yes but in this case, the aid has no strings attached, and you only come into extra money after your child graduates. its more of an ethical question, if you are someone who truly feels like everyone should pay their fair share (and you may not be), and you got lucky with the timing on when you received a large amount of money (after college years), is it the right thing to do to pay back the college the no strings attached financial aid even though you don't legally have to.
Harvard going online for next year. Tuition will stay the same. https://news.yahoo.com/harvard-implement-online-learning-students-165607130.html
What's the point of allowing some students back on campus? They've either got to go all or nothing.
Imagine paying $50,000+ to sit in your dorm room, not being able to leave, watching Zoom lectures for a full semester.
Some students probably do not have a home environment that's conducive to studying.