Just because you have wealthy parents doesn’t mean that you have access to that money. To me it would make more sense to only take into account the amount of money they are putting towards your education.
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It’s an unfortunate issue, since if you did such a thing, wouldn’t it just incentivize wealthier parents to “refuse” to pay and their kids would just get free/discounted tuition?
Funds are limited and there aren’t enough in the existing systems to help everyone, so when choosing between these kids and those who DEFINITELY don’t have the resources, the choice they make makes sense
Now I’ve had a number of friends with rich parents with a “fuck you I did it on my own” attitude towards paying for their kids’ education (spoiler, they did NOT do it on their own, they all had enough paid for that they were able to fund it all with a part time summer job), so these kids kind of slip through the cracks of existing systems, but given insufficient resources for everyone, I don’t really see a better way
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