There are times that I thank my lucky stars that I’m not going through the current mess college students are experiencing with the private financial aid problems.  It’s a headache just to keep up with who did what, who took kickbacks, etc. 

The reason there is a problem is that a college education, while continuing to be vital for a serious career in this information age, the cost of said college education is going through the roof.  I got through two years of college with a private student loan and it only cost me around $12,000.  Now adays that won’t even get you one year.

While I’m all for federal financial aid, I’ve seen it played by friends and former supervisors.  A friend of mine was going to a local community college and was on a Pell grant.  He was taking just 12 hours, enough to be considered a full time student.  He paid for tuition and books, still have over half his grant left, so he bought a brand new computer and a used car.  Another friend went and bought a new wardrobe every-time he got a new grant check.

Finally, a former supervisor of mine put off paying his tuition and books with his financial aid; instead he put everything into the stock market and tripled his money in 3 days.  Mind you, he was going to school for finance; for him, it was a natural thing to use the money to make more money.  Me personally, while I know how to invest, I don’t think I could get the same return in the same time frame he did.

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