If you have $1M in assets beyond your primary dwelling, then they figure you are good for over $60,000 per year towards college. Even with no income at all. So no aid, even at the most expensive colleges.

Do you think it also unfair that those who have emergency funds spend it when they experience, you know, an actual emergency, as opposed to those spoiled non-savers who get to put it on a credit card and pay it off over months or years?

When you are head of a college financial aid office, you can give need-based aid only to rich people and let those with less than a million smackeroos apply for loans. I guess that's one memorable way to teach that those what gots, gets.

PS--What percentage of parents of 18-year-olds have a million bucks in savings, d'ya think? I bet you can count 'em on the fingers of one hand. Possibly 1 finger is too many. Those poor people!