Last night I filled out my FAFSA (Free Application for Federal Student Aid); this is the form needed to get federal grants and/or loans from the government for students going to college. Well, while I was filing mine out, I got really angry with the questions and information it was asking for. For next school year ('06-'07), I thought I was going to bank on some grants to pay for me education. The FAFSA asks for your tax information and such, but then it went on and asked for my combat pay, which is nontaxable, my food & housing allowance (nontaxable), and my investments.
I figured that since my combat pay is nontaxable, I won't have to claim it on my FAFSA, but nope, they like to know about every single dime I made and invest. This is what angers me probably the most. Why in the world am I getting screwed out of grant money because I invest my money?! I keep a couple of CD's just to make a little bit of money while I determine what to do with it. You know, I like to keep a little bit of cash handy in case of something that would happen and now I am being treated like I have all this money for college. I should be like a lot of other people; spend everything I make and carry large debts. That way, I would get free grant money from the government! I think this is stupid because I like to be a productive and wise citizen and keep a little cash handy. Oh, they also want to know about my savings and checking account balances. I really am pissed about all of this.
Oh, I can't forget my GI Bill benefits I get from the VA. FAFSA wants to know all about that and include it in with the money I make. Now, I served my country's armed forces for this money, and yet, I am getting penalized out of grant money because of it. I don't even have a job right now, and yet they expect me to contribute almost $10,000 for the next school year! All because I was sent to war, made some money, and saved a large amount of it.
This was something that just got me upset and wanted to rant about. Oh well, there's always more student loans I can take out to continue my higher education while someone who doesn't work and saves nothing, s/he can go to college for free.