Cap on financial aid?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have heard a past President say that it is important for every family to have some skin in the game, so they will never give a full ride. That's why there is a cap.

I worked at a school that had a 95% maximum award for this reason. A 95% cap seems fair enough.

Haha no. 30% seems fair.

I wouldn't enroll in a school like that unless it was really cheap. I don't want my kids in a school where everyone can afford $35,000 or more in tuition.

Why? That isn’t a lot of money.

🙄

[Anonymous]

Imagine you are out to dinner at a restaurant, and after dinner is over the other people at the table say they only want to pay half their bill, or they just get up and walk out before the bill comes.

These guests leave you and the remaining people to pay their portion of the bill. They even ordered the most expensive items on the menu.

This is financial aid.

[Anonymous]

Anonymous wrote:Imagine you are out to dinner at a restaurant, and after dinner is over the other people at the table say they only want to pay half their bill, or they just get up and walk out before the bill comes.

These guests leave you and the remaining people to pay their portion of the bill. They even ordered the most expensive items on the menu.

This is financial aid.

Actually considering FA is agreed to before starting the school, your analogy isn't great. It's more like Friend 1 telling Friend 2 that they can't go out to eat because it's too expensive. Then Friend 2 says to not worry about, they'll help cover Friend 1's portion of the bill and they just want them there to add another perspective to the dinner. We have all stepped in to help friends in these situations because we value what they bring to the table. Financial aid is a school's way of understanding and valuing that a variety of lived experiences contribute to the overall health of the school environment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Imagine you are out to dinner at a restaurant, and after dinner is over the other people at the table say they only want to pay half their bill, or they just get up and walk out before the bill comes.

These guests leave you and the remaining people to pay their portion of the bill. They even ordered the most expensive items on the menu.

This is financial aid.

Actually considering FA is agreed to before starting the school, your analogy isn't great. It's more like Friend 1 telling Friend 2 that they can't go out to eat because it's too expensive. Then Friend 2 says to not worry about, they'll help cover Friend 1's portion of the bill and they just want them there to add another perspective to the dinner. We have all stepped in to help friends in these situations because we value what they bring to the table. Financial aid is a school's way of understanding and valuing that a variety of lived experiences contribute to the overall health of the school environment.

No. The analogy is perfect because the people sitting at the table in the end have no say in any of this. They are just stuck with the bill.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Imagine you are out to dinner at a restaurant, and after dinner is over the other people at the table say they only want to pay half their bill, or they just get up and walk out before the bill comes.

These guests leave you and the remaining people to pay their portion of the bill. They even ordered the most expensive items on the menu.

This is financial aid.

Actually considering FA is agreed to before starting the school, your analogy isn't great. It's more like Friend 1 telling Friend 2 that they can't go out to eat because it's too expensive. Then Friend 2 says to not worry about, they'll help cover Friend 1's portion of the bill and they just want them there to add another perspective to the dinner. We have all stepped in to help friends in these situations because we value what they bring to the table. Financial aid is a school's way of understanding and valuing that a variety of lived experiences contribute to the overall health of the school environment.

No. The analogy is perfect because the people sitting at the table in the end have no say in any of this. They are just stuck with the bill.

NP here. I guess the bigger question here is why do private schools give out financial aid in the first place, when we are in an area of decent/ really good public school options? Is private school a luxury or a necessity? if it's the former, people shouldn't get financial assistance to get access to luxuries. If it's the latter, how do you justify that private school is a necessity? You're basically saying that the public school system must be very deficient to justify the need. Just something to think about ...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Imagine you are out to dinner at a restaurant, and after dinner is over the other people at the table say they only want to pay half their bill, or they just get up and walk out before the bill comes.

These guests leave you and the remaining people to pay their portion of the bill. They even ordered the most expensive items on the menu.

This is financial aid.

Actually considering FA is agreed to before starting the school, your analogy isn't great. It's more like Friend 1 telling Friend 2 that they can't go out to eat because it's too expensive. Then Friend 2 says to not worry about, they'll help cover Friend 1's portion of the bill and they just want them there to add another perspective to the dinner. We have all stepped in to help friends in these situations because we value what they bring to the table. Financial aid is a school's way of understanding and valuing that a variety of lived experiences contribute to the overall health of the school environment.

No. The analogy is perfect because the people sitting at the table in the end have no say in any of this. They are just stuck with the bill.

NP here. I guess the bigger question here is why do private schools give out financial aid in the first place, when we are in an area of decent/ really good public school options? Is private school a luxury or a necessity? if it's the former, people shouldn't get financial assistance to get access to luxuries. If it's the latter, how do you justify that private school is a necessity? You're basically saying that the public school system must be very deficient to justify the need. Just something to think about ...

DC and Prince George’s County have decent/ really good public school options? I beg to differ.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Imagine you are out to dinner at a restaurant, and after dinner is over the other people at the table say they only want to pay half their bill, or they just get up and walk out before the bill comes.

These guests leave you and the remaining people to pay their portion of the bill. They even ordered the most expensive items on the menu.

This is financial aid.

Actually considering FA is agreed to before starting the school, your analogy isn't great. It's more like Friend 1 telling Friend 2 that they can't go out to eat because it's too expensive. Then Friend 2 says to not worry about, they'll help cover Friend 1's portion of the bill and they just want them there to add another perspective to the dinner. We have all stepped in to help friends in these situations because we value what they bring to the table. Financial aid is a school's way of understanding and valuing that a variety of lived experiences contribute to the overall health of the school environment.

No. The analogy is perfect because the people sitting at the table in the end have no say in any of this. They are just stuck with the bill.

NP here. I guess the bigger question here is why do private schools give out financial aid in the first place, when we are in an area of decent/ really good public school options? Is private school a luxury or a necessity? if it's the former, people shouldn't get financial assistance to get access to luxuries. If it's the latter, how do you justify that private school is a necessity? You're basically saying that the public school system must be very deficient to justify the need. Just something to think about ...

DC and Prince George’s County have decent/ really good public school options? I beg to differ.

Maybe not, but if you live in McLean, Arlington, Great Falls, Loudon County ... to name a few areas, the public schools are excellent. Yet privates still give out significant financial aid. Going to private if you live in these areas is much more of a luxury than a necessity. Which begs the question, as to why financial aid is given in those cases.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Imagine you are out to dinner at a restaurant, and after dinner is over the other people at the table say they only want to pay half their bill, or they just get up and walk out before the bill comes.

These guests leave you and the remaining people to pay their portion of the bill. They even ordered the most expensive items on the menu.

This is financial aid.

Actually considering FA is agreed to before starting the school, your analogy isn't great. It's more like Friend 1 telling Friend 2 that they can't go out to eat because it's too expensive. Then Friend 2 says to not worry about, they'll help cover Friend 1's portion of the bill and they just want them there to add another perspective to the dinner. We have all stepped in to help friends in these situations because we value what they bring to the table. Financial aid is a school's way of understanding and valuing that a variety of lived experiences contribute to the overall health of the school environment.

It’s more like the establishment has chosen to cover the bill for select patrons according to its own priorities. Other patrons have no insight into the reasoning behind that decision and are free to take their business elsewhere if they don’t agree with it, but everyone is aware in advance that there are some patrons who receive the benefit. As long as the establishment believes in and supports its chosen mission, whoever decides to patronize it is subject to those priorities.

However, many patrons continue supporting the establishment because they either share belief in the mission or feel that what they gain from the experience e.g., exceptional service, five-star meals, or the prestige of being able to say they dine at XYZ, is far more valuable than leaving for another where everyone pays full freight, but with none of the distinction that sets XYZ apart.

[Anonymous]

Financial aid is insulting to everyone involved.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Imagine you are out to dinner at a restaurant, and after dinner is over the other people at the table say they only want to pay half their bill, or they just get up and walk out before the bill comes.

These guests leave you and the remaining people to pay their portion of the bill. They even ordered the most expensive items on the menu.

This is financial aid.

Actually considering FA is agreed to before starting the school, your analogy isn't great. It's more like Friend 1 telling Friend 2 that they can't go out to eat because it's too expensive. Then Friend 2 says to not worry about, they'll help cover Friend 1's portion of the bill and they just want them there to add another perspective to the dinner. We have all stepped in to help friends in these situations because we value what they bring to the table. Financial aid is a school's way of understanding and valuing that a variety of lived experiences contribute to the overall health of the school environment.

No. The analogy is perfect because the people sitting at the table in the end have no say in any of this. They are just stuck with the bill.

So everyone goes to school for the year before they find out how much you owe?

[Anonymous]

No need for a tortured analogy to understand this situation.

People choose to pay full tuition and send their kids to schools that give FA. They know this from Day 1. If that’s a problem, they can choose something else.

[Anonymous]

Anonymous wrote:Our K12 has a cap on financial aid. I know they spent a lot of time deliberating and arriving at that policy. I genuinely respect that.

But.

I hate it! It just feels like an income floor?

Does your school cap financial aid? At what level?

Which school, OP? Do they advertise this cap on their website or in other materials so families know what to expect?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have heard a past President say that it is important for every family to have some skin in the game, so they will never give a full ride. That's why there is a cap.

I worked at a school that had a 95% maximum award for this reason. A 95% cap seems fair enough.

Haha no. 30% seems fair.

I wouldn't enroll in a school like that unless it was really cheap. I don't want my kids in a school where everyone can afford $35,000 or more in tuition.

Why? That isn’t a lot of money.

That’s a fortune to the majority of Americans. It’s about half of my net income each year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have heard a past President say that it is important for every family to have some skin in the game, so they will never give a full ride. That's why there is a cap.

I worked at a school that had a 95% maximum award for this reason. A 95% cap seems fair enough.

Haha no. 30% seems fair.

I wouldn't enroll in a school like that unless it was really cheap. I don't want my kids in a school where everyone can afford $35,000 or more in tuition.

Why? That isn’t a lot of money.

That’s a fortune to the majority of Americans. It’s about half of my net income each year.

You have issues.

[Anonymous]

Anonymous wrote:I have heard a past President say that it is important for every family to have some skin in the game, so they will never give a full ride. That's why there is a cap.

I find this so offensive, the idea that $10k or whatever is “skin in the game” where if it’s just the school their CHILD goes to for free, they won’t care.