People with $1.2M+ homes and getting significant financial aid

[Anonymous]

I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.

Anyone else seeing this?

[Anonymous]

If they are at Stone Ridge I want to know about it. WTF?

[Anonymous]

This is 100% happening

[Anonymous]

At what schools?

[Anonymous]

Don't the schools assess these factors for financial aid? Or you mean these families are flying under the radar?

[Anonymous]

There are grifter families all over who are getting away with this.

[Anonymous]

No one living in $1 million plus house should be receiving financial aid for any of the Bethesda privates. Is that what OP is talking about?

[Anonymous]

Anonymous wrote:I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.

Anyone else seeing this?

Same at my DD school. Financial aid covers things like out of state school trips too. Family lives in 1.5-2.5 mil home, dad drives Tesla, mom does not work. I thought the $ we contribute to scholarships was to cover kids from truly disadvantaged backgrounds. Smart, motivated kids whose single mom works two jobs to make ends meet sort of thing. Not for entitled, advanatged folks who make poor $ choices.

[Anonymous]

Crazy, but I guess the house doesn't mean they necessarily have the income for the big privates of 40-60k/year. We are in a house around that, over 120k in tuition for 3 kids, and don't get a cent. We manage but definitely no fancy cars or clothes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.

Anyone else seeing this?

Same at my DD school. Financial aid covers things like out of state school trips too. Family lives in 1.5-2.5 mil home, dad drives Tesla, mom does not work. I thought the $ we contribute to scholarships was to cover kids from truly disadvantaged backgrounds. Smart, motivated kids whose single mom works two jobs to make ends meet sort of thing. Not for entitled, advanatged folks who make poor $ choices.

+1.

[Anonymous]

Anonymous wrote:Don't the schools assess these factors for financial aid? Or you mean these families are flying under the radar?

With the family I am aware of, I suspect the house they live in is owned by grandparents. Or grandparents buy cars, clothes, etc. for lifestyle and parents submit their $60,000/yr job income tax records for financial aid.

[Anonymous]

Anonymous wrote:Crazy, but I guess the house doesn't mean they necessarily have the income for the big privates of 40-60k/year. We are in a house around that, over 120k in tuition for 3 kids, and don't get a cent. We manage but definitely no fancy cars or clothes.

It’s probably because you’re honest and have morals. There are big time grifters out there…

[Anonymous]

We live in a small house with a small mortgage that affords us the budget to pay for private. Would not be happy to find out our tuition dollars are subsidizing someone with a house worth 2-3 times as much as ours. Should we upgrade and apply for financial aid?

[Anonymous]

Anonymous wrote:This is 100% happening

How? I was dirt poor making $600 a month and my rent was $700 i got next to nothing literally to go to nova community college in the 90s.

[Anonymous]

What schools???