Are there any schools that might give us financial aid?

[Anonymous]

SMH.

[Anonymous]

My DS attends private HS with a child whose single father works hard at a low paying job. He told me he worked extra (he works extra all the time anyway... I'm talking extra, extra) all summer so he could buy his son the uniforms for school. His son is brilliant and a perfect fit at the school.

OP, this is why FA exists. Not so people with 1M net worth don't have to spend a penny of their own money to educate their kids. Seriously, OP you disgust me.

[Anonymous]

Anonymous wrote:As someone who works hard and sacrifices to send 2 kids to private school, it really pisses me off to hearing about your paid off mortgage and 350K inherited stocks and you are asking for financial aid!!! Seriously, OP... WTF?? You are in a better position to pay tuition that most people.

OP here. Who says we don't work hard or sacrifice? I specifically said that we are not poor. But we do have a fairly low HHI for the DC area, where many people, especially those who send their children to private schools, have much higher incomes. We know one family in particular who have told us they are receiving financial aid and who live a very flashy lifestyle, all on borrowed money. We've been told by reliable sources about other families in similar situations who get financial aid from the schools we applied to. Perhaps that's not the whole story, but it does bother me, since these families don't sacrifice anything, and live on borrowed money and handouts from private schools.

And why does my paid off mortgage piss you off? Do you have an iPhone? Do you take nice vacations and eat in expensive restaurants? Do you have nice clothes from nice stores? Do you drive a nice car? I have none of these things, and I've sacrificed a lot of things I enjoy in order to pay off my mortgage. We have no hope of making much money, so we have to save as best we can. I was hoping that some privates might have such large endowments that they have slightly more generous financial aid policies. I don't see why asking an honest question should bother you so much. If you've got $60K to send two kids to private school, you are doing far better than we are. $60K is half our pre-tax HHI. If we spent that much, we'd go through our savings in five years, and never be able to rebuild our nest egg. We want the best for our kids, but we don't want to sacrifice our future to get it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:As someone who works hard and sacrifices to send 2 kids to private school, it really pisses me off to hearing about your paid off mortgage and 350K inherited stocks and you are asking for financial aid!!! Seriously, OP... WTF?? You are in a better position to pay tuition that most people.

OP here. Who says we don't work hard or sacrifice? I specifically said that we are not poor. But we do have a fairly low HHI for the DC area, where many people, especially those who send their children to private schools, have much higher incomes. We know one family in particular who have told us they are receiving financial aid and who live a very flashy lifestyle, all on borrowed money. We've been told by reliable sources about other families in similar situations who get financial aid from the schools we applied to. Perhaps that's not the whole story, but it does bother me, since these families don't sacrifice anything, and live on borrowed money and handouts from private schools.

And why does my paid off mortgage piss you off? Do you have an iPhone? Do you take nice vacations and eat in expensive restaurants? Do you have nice clothes from nice stores? Do you drive a nice car? I have none of these things, and I've sacrificed a lot of things I enjoy in order to pay off my mortgage. We have no hope of making much money, so we have to save as best we can. I was hoping that some privates might have such large endowments that they have slightly more generous financial aid policies. I don't see why asking an honest question should bother you so much. If you've got $60K to send two kids to private school, you are doing far better than we are. $60K is half our pre-tax HHI. If we spent that much, we'd go through our savings in five years, and never be able to rebuild our nest egg. We want the best for our kids, but we don't want to sacrifice our future to get it.

Then don't ask someone else to finance it for you while you sit on your "nest egg". Send your kids to public and STFU.

[Anonymous]

Anonymous wrote:My DS attends private HS with a child whose single father works hard at a low paying job. He told me he worked extra (he works extra all the time anyway... I'm talking extra, extra) all summer so he could buy his son the uniforms for school. His son is brilliant and a perfect fit at the school.

OP, this is why FA exists. Not so people with 1M net worth don't have to spend a penny of their own money to educate their kids. Seriously, OP you disgust me.

Seriously, PP you disgust me. Not with your reasoning, but with your ranting.

It's important to ask questions. I teach my children that. I asked an honest question, to which I expected reasonable responses.

I'm fully aware of the purpose of financial aid, but I'm not sure it's fairly distributed when people on financial aid are picking their kids up in Beamers. These are not the people you describe who have nothing. I'd never expect a school to give money to me instead of people who are very poor, but if they are giving handouts to the Beamer-and iPhone crowd, I'd think they'd think I was eligible too.

We're hardworking, frugal and cautious, not stupid. Save your disgust for someone lazy who has their hand out -- they deserve it. (And if you can add, we have $850K in net worth, not $1M, all of which is illiquid.) We live on our income, something many people don't do. Those are the disgusting ones.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As someone who works hard and sacrifices to send 2 kids to private school, it really pisses me off to hearing about your paid off mortgage and 350K inherited stocks and you are asking for financial aid!!! Seriously, OP... WTF?? You are in a better position to pay tuition that most people.

OP here. Who says we don't work hard or sacrifice? I specifically said that we are not poor. But we do have a fairly low HHI for the DC area, where many people, especially those who send their children to private schools, have much higher incomes. We know one family in particular who have told us they are receiving financial aid and who live a very flashy lifestyle, all on borrowed money. We've been told by reliable sources about other families in similar situations who get financial aid from the schools we applied to. Perhaps that's not the whole story, but it does bother me, since these families don't sacrifice anything, and live on borrowed money and handouts from private schools.

And why does my paid off mortgage piss you off? Do you have an iPhone? Do you take nice vacations and eat in expensive restaurants? Do you have nice clothes from nice stores? Do you drive a nice car? I have none of these things, and I've sacrificed a lot of things I enjoy in order to pay off my mortgage. We have no hope of making much money, so we have to save as best we can. I was hoping that some privates might have such large endowments that they have slightly more generous financial aid policies. I don't see why asking an honest question should bother you so much. If you've got $60K to send two kids to private school, you are doing far better than we are. $60K is half our pre-tax HHI. If we spent that much, we'd go through our savings in five years, and never be able to rebuild our nest egg. We want the best for our kids, but we don't want to sacrifice our future to get it.

Then don't ask someone else to finance it for you while you sit on your "nest egg". Send your kids to public and STFU.

Relax, dear, relax. Take your meds. It's only a DCUM post. Watch a little TV. Get your mind off it.

[Anonymous]

Anonymous wrote:SMH.

???

[Anonymous]

Anonymous wrote:Your net worth is close to 1M you will be hard pressed to cry poor.

I didn't cry poor. I asked whether any schools are so rich that they have generous financial aid policies that would give some help to our family. By DC standards, we are nothing close to rich. If the answer is no, fine. But don't misrepresent what I said. I can't understand why asking causes such resentment. Maybe you aren't so good at saving yourselves?

[Anonymous]

Anonymous wrote:And why does my paid off mortgage piss you off? Do you have an iPhone?

Yeah, if only I could live without my $3,000/month iPhone, I could pay off my mortgage in no time.

[Anonymous]

Are you F-ing kidding me? You don't deserve financial aid with a net worth of $850,000. You have some chutzpah to even request it when another family really needs it and has nothing.

[Anonymous]

Leased BMW $400/ month
iPhone from work free
vacations (frequent flier miles, timeshare etc) 2K (maybe).

120K HHI, 850K in liquid assets.

You can't really job a book by it's cover.

[Anonymous]

OP, why such sense of entitlement?

[Anonymous]

OP, what you are getting at is one of the big issues at private schools - tuition is unaffordable for all but the very top earners, while aid is not available unless you are truly lower income (which you are not.)

It's the sad truth of it - but everyone making 100K-300K (or whatever) feels like they are in the same boat if they dream of private schools for their kids. Welcome to the boat.

[Anonymous]

Yes, private is for the very wealthy or the disadvantaged poor, by and large.

[Anonymous]

When discussing financial aid at information nights for parents, the Harvard admissions officer for the DC area often tells the story of a family that applied for financial aid because they only had an income of 30K per year. He notes that they didn't receive aid, since the $30,000 was the interest on a bank account. There is a lot of laughter inthe room when he tells this story.

So the answer to your question is no.