[Wyoming23]

This system also obliterates the middle class and penalizes saving money while rewarding irresponsible behavior.

It essentially makes the system be "tell us how much money you have, and that's what the price is for you".

If you spend 18 years saving money for your kid's college, or they work and save during high school, the university just takes all that money. If you spend it all instead, you'll get more "financial aid" to lower the price.

Which, if you're a socialist school administrator is great news. No one keeps any money, everyone leaves school equally poor and dependent on the state, regardless of their previous labor or financial responsibility.