Making $300K and getting financial aid for a first grader

[Anonymous]

http://money.cnn.com/2012/05/09/pf/private-school-financial-aid/

[Anonymous]

Here's the line that resonated with me: "I don't know how anyone can be embarrassed to ask for help when high school costs over $200,000."

It's not quite that bad for my children's day school, but it's close enough. Unless schools can find can reset tuition back down to the range that made it possible for middle class families to attend, I'm always going to apply for aid. The sticker price is just the starting point for negotiations. Anyway, why would any school want only the richest and the neediest children to attend? The disparity would be so stark. These schools must pull from the middle range also.

[Anonymous]

Yeah, I mean...what if you had to sell the giant house you can't afford in order to send your kid to the fancy school you can't afford. It's like Sophie's Choice all over again.

[Anonymous]

I was struck by the article saying that those making $150k to $350k who can pay 50% of the bill are prime candidates for aid. I just think that is not correct - my $140k HHI family was turned down for any aid, which was tough but okay, seeing as how we are able to make it work.

[Anonymous]

Tempted to say this is ludicrous, but what it really is is market correction. Tuition is just unfeasibly high for all education (private & college). The difference is that we have been convinced we should take loans for college which allows colleges to continue price inflation. That has not trickled down to private elem/high school yet.

[Anonymous]

We would never apply for aid, but paying private school tuition for two kids on $300K/year HHI is tough. We spend more for tuition than we do on our mortgage. If tuition in this city reaches $40,000, we may switch to public and I have a feeling we'll be joined by quite a few other families.

[Anonymous]

I was struck by the article saying that those making $150k to $350k who can pay 50% of the bill are prime candidates for aid. I just think that is not correct - my $140k HHI family was turned down for any aid, which was tough but okay, seeing as how we are able to make it work

You applied to a financially (endowment/student) poor school. Lesson: apply to schools with luxurious endowments (not many day schools in D.C. area fit this bill).

[Anonymous]

Anonymous wrote:Yeah, I mean...what if you had to sell the giant house you can't afford in order to send your kid to the fancy school you can't afford. It's like Sophie's Choice all over again. :roll:

Are you serious ? Sophie's choice was over which child would go to the gas chamber and which might live and not choosing meant both would be murdered.

[Anonymous]

Anonymous wrote:

I was struck by the article saying that those making $150k to $350k who can pay 50% of the bill are prime candidates for aid. I just think that is not correct - my $140k HHI family was turned down for any aid, which was tough but okay, seeing as how we are able to make it work

You applied to a financially (endowment/student) poor school. Lesson: apply to schools with luxurious endowments (not many day schools in D.C. area fit this bill).

I think some where around 120K is the cut off point for any significant aid and even then you better be a single parent with child care costs or something and no assets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

I was struck by the article saying that those making $150k to $350k who can pay 50% of the bill are prime candidates for aid. I just think that is not correct - my $140k HHI family was turned down for any aid, which was tough but okay, seeing as how we are able to make it work

You applied to a financially (endowment/student) poor school. Lesson: apply to schools with luxurious endowments (not many day schools in D.C. area fit this bill).

I think some where around 120K is the cut off point for any significant aid and even then you better be a single parent with child care costs or something and no assets.

I'm a single parent with about a 110K income and did receive financial aid for my child. I pay about 15,000 out of pocket.

[Anonymous]

Anonymous wrote:We would never apply for aid, but paying private school tuition for two kids on $300K/year HHI is tough. We spend more for tuition than we do on our mortgage. If tuition in this city reaches $40,000, we may switch to public and I have a feeling we'll be joined by quite a few other families.

Yup, except it is a 40K at a few p[laces already, give or take 1,000.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yeah, I mean...what if you had to sell the giant house you can't afford in order to send your kid to the fancy school you can't afford. It's like Sophie's Choice all over again. :roll:

Are you serious ? Sophie's choice was over which child would go to the gas chamber and which might live and not choosing meant both would be murdered.

Not PP but really? You didn't get the sarcasm?

[Anonymous]

Complaining about not being able to afford private school tuition is like complaining about not being able to afford first class airfare on a plane.

[Anonymous]

Anonymous wrote:Complaining about not being able to afford private school tuition is like complaining about not being able to afford first class airfare on a plane.

Why?
Schooling is a necessity

[Anonymous]

Anonymous wrote:

Anonymous wrote:Complaining about not being able to afford private school tuition is like complaining about not being able to afford first class airfare on a plane.

Why?
Schooling is a necessity

Wow. What with you and the poster that doesn't get sarcasm, the caliber of intellect on the private/independent forum is really slipping. Maybe I should go to the public forum instead. That is always a possibilty if private is not suiting one's needs. (Hint.)