HHI/percentage of FA
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Anonymous
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Hi,
Just trying to gauge what chances of getting a tuition break would be like. For those who have received any kind of tuition What is your HHI? How much is tuition? Percentage of tuition assistance? Thanks |
Anonymous
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HHI - 350k
Tuition- 42000 FA - 0% |
Anonymous
How many kids do you have? Asking because Dalton was reported that 400K with 2 kids are qualified for FA? |
Anonymous
What school in NY has $42,000 tuition? Sign me up! Most are close to $70,000 now. |
Anonymous
BASIS is around that IIRC, also some parochial schools. And some places that charge $70k for middle and high schoolers charge in the $40s for little kids. |
Anonymous
| Price of private keeps going up and up while public remains the same... |
Anonymous
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Still in the process but
HHI - 380-400k Tuition - 67,000 FA : plan to apply One child but significant expenses for 2 other dependents and nanny. |
Anonymous
Not to be nosy but you brought it up - what other type of dependents are there (parents?) and how do you document that in your application? |
Anonymous
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It’s ok. One Parent and niece (long story). Not sure how that will be document. HM has a session on how to navigate FA coming up, so I hope to figure out how to do that properly, because they’re technically not considered “dependents”. Meaning they do not live with me so for tax purposes I don’t claim them.
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Anonymous
We have about the same HHI with 1 child. Mainly applying to schools in the 60-70k range but we have a couple catholics and UNIS is around 50k. It's a stretch for us but was assuming we wouldn't qualify for aid. |
Anonymous
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If you’re on the edge of comfortably being able to pay and a stretch I’d say apply. If you get denied that’s totally fine. If you decide to have another child or major increase in expenses that edge can be pushed to unaffordable category. FA becomes almost impossible if you decide to apply after acceptance into the school. I’m likely going to be denied cause I don’t have evidence that those expenses are necessary, but it doesn’t hurt to try.
Obviously for those that are comfortably comfortable this would not likely be an issue. So I’m not saying everyone should apply just to get on the “books” |
Anonymous
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Following this.
Our HHI is about $125k combined School (legacy from my partner) : 66,500 FA: ?? Anyone with similar income level looking at privates? I know schools purport to be need blind but I know they’re not. I wonder if being legacy would make a difference. |
Anonymous
Entering for K? Depends on the school. |
Anonymous
A legacy with 125k? Probably not donors, so if your kid is not a genius, it’s straight to the bottom of the legacy pile. |
Anonymous
His hands and feet are mangos. He's gonna be a genius anyway. |