In reply to Carl:
Either I am misunderstanding you, or what you are stating makes no sense.
Assumptions:
- student has $100,000 in earned income
- student receives $30,000 in scholarships
- student pays $60,000 in tuition and fees ($30,000 from scholarship, $30,000 out of pocket)
The student should have $70,000 (minus taxes) remaining on which to be self-supporting. How is that not feasible? I am able to support a family of five on less than $70,000. I can't imagine any college student who couldn't be 100% self-supporting on $70,000.
What am I missing here?
