What percentage do you pay?

[Anonymous]

Anonymous wrote:Everyone I know on financial aid are multimillionaires who are just strategic about masking their assets/income for purposes like this.

+100

[Anonymous]

Anonymous wrote:

Anonymous wrote:Everyone I know on financial aid are multimillionaires who are just strategic about masking their assets/income for purposes like this.

+100

I love it.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:I can only afford a two bedroom apartment, but in fact I want to live in a mansion. Is there any financial aid to purchase a mansion?

No, but if a real estate company that owned a bunch of mansions started giving them away to some people at a discount, we all know some of the posters here would be the first ones bitching about it.

Real estate companies would prefer to sale them at the full price. The people that want a mansion but can afford a condo, can go to a condo and live happily there.

There aren't enough families able and willing to pay full price for private school to keep most private schools open.

Financial aid works because it is better to have some money and someone in that spot than no money and no one in that spot.

Real estate market does sort of work like that. If the mansions in that neighborhood aren't selling at all after all the best efforts, the price for them will start dropping...

Yes, but if there is enough demand for housing there is no need to lower the price. Try to get a big discount in Georgetown.

Right. If there is enough demand and people are willing to pay for it and can pay for it. Issue with private schools is there are not enough people willing to pay full price for it, even those who can pay full price. Most of them move into those glitzy neighborhoods with glamorous public schools whose programs are just as competitive.

I assure you. There are enough full paying families around.

Private schools are a two-sided market. The schools are also competing for students. There are not enough full-pay families who also satisfy the range of criteria needed to build the classes the schools desire.

Sure. But i don’t really see value in the criteria of the university. Diversity criteria still targets upper middle class families. It’s really fake diversity. It would be better to scrap completely financial aid to upper middle class families. Those can go to cheaper private schools without financial aid. No problem at all.

It’s back to values. Your values misalign with your child’s school. If there is values mismatch, you should transfer to a school without diversity criteria you dislike or a financial aid system you’re convinced is rigged.

I agree. I work hard to buy things and I am not used to get things for free. That’s why I don’t ask for financial aid I just send my kid to a school that I can pay.

Very few people attend these schools for free, as an initial matter. But regardless, it’s time for you to transfer your kid out. The school is not a fit for your family.

Yes, but aid with opaque justifications and based only on race is a very dubious criteria. Why one race should deserve more than another race in financial aid. Specially when all of the families are well off. I like the mansion aid analogy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Everyone I know on financial aid are multimillionaires who are just strategic about masking their assets/income for purposes like this.

+100

Yes, moreover, they double dip. The school is paid by grandparents plus they get financial aid or the hide their financial assets and income from abroad. Beautiful way to get an expensive education for free.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Everyone I know on financial aid are multimillionaires who are just strategic about masking their assets/income for purposes like this.

+100

Yes, moreover, they double dip. The school is paid by grandparents plus they get financial aid or the hide their financial assets and income from abroad. Beautiful way to get an expensive education for free.

You could say rich people play the same games with taxes. Your axe to grind should be with people who cheat the system, not financial aid itself.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Everyone I know on financial aid are multimillionaires who are just strategic about masking their assets/income for purposes like this.

+100

Yes, moreover, they double dip. The school is paid by grandparents plus they get financial aid or the hide their financial assets and income from abroad. Beautiful way to get an expensive education for free.

You could say rich people play the same games with taxes. Your axe to grind should be with people who cheat the system, not financial aid itself.

Sure, rich people game the system with tax evasion, upper middle class families game the system with fraudulent financial aid. What’s wrong with that ?

[Anonymous]

Financial aid is so fraudulent and race based they need to get rid of it entirely.

[Anonymous]

Anonymous wrote:Financial aid is so fraudulent and race based they need to get rid of it entirely.

+1. But is not fraudulent by itself. It’s fraudulent because the criteria is not fully disclosed nor the recipients.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Financial aid is so fraudulent and race based they need to get rid of it entirely.

+1. But is not fraudulent by itself. It’s fraudulent because the criteria is not fully disclosed nor the recipients.

This black family is full pay for two kids at our private school, and rightfully so. We don’t even apply for FA. Would be bad form for us to do so and, frankly, we’d prefer to avoid being a “FA-family” given the stereotypes that attach to folks in our social position (and that others need think nothing of!).

[Anonymous]

Anonymous wrote:

Anonymous wrote:Everyone I know on financial aid are multimillionaires who are just strategic about masking their assets/income for purposes like this.

I’ll let the single mom nurse whose kid is in my class know.

That isn’t why they got financial aid though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Everyone I know on financial aid are multimillionaires who are just strategic about masking their assets/income for purposes like this.

I’ll let the single mom nurse whose kid is in my class know.

That isn’t why they got financial aid though.

The single mom nurse could send her kids to public school and she and her kids will be fine, like the kids of most nurses in this country.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Financial aid is so fraudulent and race based they need to get rid of it entirely.

+1. But is not fraudulent by itself. It’s fraudulent because the criteria is not fully disclosed nor the recipients.

This black family is full pay for two kids at our private school, and rightfully so. We don’t even apply for FA. Would be bad form for us to do so and, frankly, we’d prefer to avoid being a “FA-family” given the stereotypes that attach to folks in our social position (and that others need think nothing of!).

I hear you, but I’m white and please understand that some people will always doubt your right to be in certain spaces. Perhaps you are “full pay” rich, but then the question is, how did you get in that position? Who gave you whatever job or admission to whatever school that put you on such track? Not saying this is most people, but it’s talk that I hear on a non infrequent basis.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Financial aid is so fraudulent and race based they need to get rid of it entirely.

+1. But is not fraudulent by itself. It’s fraudulent because the criteria is not fully disclosed nor the recipients.

This black family is full pay for two kids at our private school, and rightfully so. We don’t even apply for FA. Would be bad form for us to do so and, frankly, we’d prefer to avoid being a “FA-family” given the stereotypes that attach to folks in our social position (and that others need think nothing of!).

I hear you, but I’m white and please understand that some people will always doubt your right to be in certain spaces. Perhaps you are “full pay” rich, but then the question is, how did you get in that position? Who gave you whatever job or admission to whatever school that put you on such track? Not saying this is most people, but it’s talk that I hear on a non infrequent basis.

When you have race-based financial aid this is the expected result.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Financial aid is so fraudulent and race based they need to get rid of it entirely.

+1. But is not fraudulent by itself. It’s fraudulent because the criteria is not fully disclosed nor the recipients.

This black family is full pay for two kids at our private school, and rightfully so. We don’t even apply for FA. Would be bad form for us to do so and, frankly, we’d prefer to avoid being a “FA-family” given the stereotypes that attach to folks in our social position (and that others need think nothing of!).

I hear you, but I’m white and please understand that some people will always doubt your right to be in certain spaces. Perhaps you are “full pay” rich, but then the question is, how did you get in that position? Who gave you whatever job or admission to whatever school that put you on such track? Not saying this is most people, but it’s talk that I hear on a non infrequent basis.

When you have race-based financial aid this is the expected result.

It would be better with merit or need based financial aid.

An upper class middle family that owns a house, has 2 cars, and goes on vacations abroad every years does not need financial aid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Financial aid is so fraudulent and race based they need to get rid of it entirely.

+1. But is not fraudulent by itself. It’s fraudulent because the criteria is not fully disclosed nor the recipients.

This black family is full pay for two kids at our private school, and rightfully so. We don’t even apply for FA. Would be bad form for us to do so and, frankly, we’d prefer to avoid being a “FA-family” given the stereotypes that attach to folks in our social position (and that others need think nothing of!).

I hear you, but I’m white and please understand that some people will always doubt your right to be in certain spaces. Perhaps you are “full pay” rich, but then the question is, how did you get in that position? Who gave you whatever job or admission to whatever school that put you on such track? Not saying this is most people, but it’s talk that I hear on a non infrequent basis.

When you have race-based financial aid this is the expected result.

It would be better with merit or need based financial aid.

An upper class middle family that owns a house, has 2 cars, and goes on vacations abroad every years does not need financial aid.

Well it is disguised as need-based aid but there is a large racial component and the families game the system to maximize their aid eligibility.