Financial Aid Calulator

[Anonymous]

I am so confused. According to the Sidwell friends finacial aid calculator http://www.sidwell.edu/admissions/financialaid.asp:
My family of 5 wih a AGI of over $250,000 qualifies for $14,728 in financial aid. This cannot be right because if the family size is 6 it says no Finacial Aid in this category. How does this calculator work?

[Anonymous]

I think it is based on the different level of income that people made who received aid and how much. I thought it was strange that when I put in my income of between
$ 120,000 and $ 140,000 it gave less aid then if I made
$ 140,000 to $ 160,000. They look at the debt as well and I guess people with higher income have higher debt.

[Anonymous]

I wish Sidwell would take down that stupid calculator. Settle in, ladies, for round four...

[Anonymous]

Below is the answer to your question:

This calculator does not take into consideration other items that affect financial aid awards such as additional assets from home equity, savings, or support from friends and family nor does it take into account the number of children at tuition charging schools. This is not a guarantee of aid – it is just an indicator of the amount of aid that might be available.

[Anonymous]

Not a very useful indicator if so many fairly important items are not considered.