16 Free

Emancipated at 16 = Free College?

I was reading somewhere, and it says if you were to gt emancipated at 16 you would get a free college eduacation.
I didn't know whether to take it as a joke or not.

Has anybody else heard this and know whether or not its true?

... you would also have to be a high school graduate (at 16) in order to get into the college.

No, it's not true. The reason it's not true is because there is no one governing body in the USA that can tell all colleges that they must do something. Colleges are accredited by private agencies and not the federal government. States have some control within their state but not beyond their borders. Some colleges are run by a church or other non-profit, some are run by the state, and some are run by a corporation (as a business) -- there would be no way to compel all of them to do this.

There could be a government funded program that would do this (there isn't) but even that wouldn't be universal to all colleges - some colleges don't participate in government funding.

What would happen is that you'd become independent for federal financial aid. This may or may not be helpful since the fed uses a different formula when considerind the student's income as available for education vs the parents. They assume that the student should spend his own money and not the 'rents.

Further, it would create a problem for loans. Since a 16 year old is not able to engage a contract, there'd be some difficulty getting non-governmental loans without a parental signature or other cosigner.

I'm thinking that being emancipated (or married, has the same effect) at 16 creates more problems than it's worth if paying for college is what you're worried about.

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