Is it OK to live with parents during college?

There are many advantages to living at home with your parents that are often overlooked by those who are considering going to college. They are: Some parents may let you stay at the house rent-free so you can save money. You worry less because you know you don’t have to pay for all the bills.

What are the advantages of staying with your parents while at university?

Pros

• It gives you more time to figure out what you want to do with your life.
• You can save a big chunk of money.
• You can focus more on your studies.
• You can easily fall into the comfort zone trap.
• You’ll have to deal with the social stigma of living with your parents.

How many adults go back to college?

According to the report, there are 36 million American adults with some college but no degree. Of those adults, 10 percent (or more than 3 million) have characteristics of students most likely to return to college and complete their degrees. This helps colleges understand how to best target these individuals.

Are people in college still kids?

While college students can hardly be called kids, they are, nevertheless, in the midst of an important development stage during which they are transitioning from adolescence to adulthood. Their brains are still maturing. The part of the brain governing judgement and decision making is still not mature.

Do you live with your parents in college to save money?

Actually, no. I was surprised to see how many people live with their parents in college to save money. The millennials before us have taught us about debt and the reasons to avoid it, so many smart 18-year-olds are avoiding it the best they can.

What age are graduate students considered independent for financial aid?

“Once you’re a graduate student you are considered independent for federal financial aid,” says Kathy Ruby, director of college finance at College Coach, and that applies to students aged 24 and younger.

Does it matter how financially independent a student is?

In short, it doesn’t matter how financially independent a student is; if they don’t meet any of the above requirements, they are not considered independent for financial aid purposes. This is because, however it may look for each student, the federal government has decided that it’s the parents’ responsibility to pay for college.

Do parents still provide financial assistance for college students?

Now, many parents continue to provide their children with financial assistance in some form throughout their college education, and often beyond.