People with $1.2M+ homes and getting significant financial aid

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.

Anyone else seeing this?

Assertions in an anonymous forum without any proof.

Great.

What proof do you want? Social security numbers?

Weird take.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.

Anyone else seeing this?

Assertions in an anonymous forum without any proof.

Great.

What proof do you want? Social security numbers?

Weird take.

You think the people claiming this is happening have ssns? Clearly they think they have some kind of “proof” available without identity fraud.

[Anonymous]

Anonymous wrote:This type of gossip (and these threads) have made me give much less to our school's annual drive which benefits financial aid. We are full pay and lucky enough to have grandparents who help with some. It’s a financial sacrifice and it didn't occur to me to ask for aid at our income (around 350k which is pretty low in the private school works). I now give more money when there are requests for specific things - a new science lab, new bus, field trips etc. Maybe if the school was more transparent about who qualifies for aid I would feel differently but for now I'm considering my full pay of tuition to be my contribution to financial aid.

I agree with this.

[Anonymous]

Anonymous wrote:Families who live in big houses and drive big cars but receive financial aid are usually those who own a business and have lost a lot of money, or have been laid off and took time to find a new job.

This isn’t true. There are local privates who give aid to dual income families earning 500 per year and living in 1.7 + homes. It seems to be a game of debt. Overleveraged people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Families who live in big houses and drive big cars but receive financial aid are usually those who own a business and have lost a lot of money, or have been laid off and took time to find a new job.

This isn’t true. There are local privates who give aid to dual income families earning 500 per year and living in 1.7 + homes. It seems to be a game of debt. Overleveraged people.

NP. Or families that the parents have not worked until recently and they have been getting a free ride for years not to mention their trips for the school paid.

It does not matter what their debt it. If they live in a house that is more than 1.25 million dollars they should under no circumstances receive aid. That means people living in apartments and smaller or equal homes working full time are basically paying for their kids' education.

[Anonymous]

I have a friend living in a 2M home who gets free everything. She has assets from family but low income. Shes divorced and the ex lives in a 3M home.

[Anonymous]

^ but is low income

[Anonymous]

Anonymous wrote:I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.

Anyone else seeing this?

Shameless scammers, that's how.

[Anonymous]

Anonymous wrote:^ but is low income

If you own your own business you can take $10.00 per year as income and that would give you low income which is why their assets MUST be accounted for. All assets, savings, 401K, etc...

Why should someone with low income but a lot of money saved for retirement get a free pass? You do realize that those paying full tuition would ALSO like to contribute to their retirement???????? That is the issue. It must be done by assets, including all savings, retirements, and stocks, etc....

I know multi millionaires that get $0 income. They do not take income off of their business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.

Anyone else seeing this?

Shameless scammers, that's how.

Land costs 1.2m now, not sure how it's scamming

[Anonymous]

The financial aid process is a major application process. You need to supply many documents, bank statements, pay stubs, etc. I don't have a problem with aid going to a nice family that would really struggle if they had to pay full tuition. What I have a problem with is children being let in on full pay scholarships that are rude, mean, disrespectful and always causing a disruption. They take away from other children's education and take the spot of a more deserving child. But a kind child, happy to help. I do not think anyone can "scam" the system.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Families who live in big houses and drive big cars but receive financial aid are usually those who own a business and have lost a lot of money, or have been laid off and took time to find a new job.

This isn’t true. There are local privates who give aid to dual income families earning 500 per year and living in 1.7 + homes. It seems to be a game of debt. Overleveraged people.

NP. Or families that the parents have not worked until recently and they have been getting a free ride for years not to mention their trips for the school paid.

It does not matter what their debt it. If they live in a house that is more than 1.25 million dollars they should under no circumstances receive aid. That means people living in apartments and smaller or equal homes working full time are basically paying for their kids' education.

You have no idea why parents don't work. Child care can be more than their income. Caring for an elderly or sick family member. Sick themselves. I look very healthy but I'm not and you'd have no clue how bad I am doing.

If they have that kind of house or money, they should take a loan out or not get aid, but two separate issues. Being in debt should not be considered as its a lifestyle choice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.

Anyone else seeing this?

Shameless scammers, that's how.

Land costs 1.2m now, not sure how it's scamming

No, plenty of places you can get a house for $500-700K, or less, just not where you want to live.

[Anonymous]

Full pay families - question for you- would you prefer your child have a play date with a middle class family, in an average small home, in a fine neighborhood or send your kid to play in a low income housing apt complex with no nanny or parent at home, and child goes home alone with single parent who comes home late after working 2 jobs? Would you even socialize with the families you truly think are worthy of aid- single parent, working 2 jobs, multiple children, govt assistance just to get groceries... but the kid is brilliant? I doubt it.

[Anonymous]

Anonymous wrote:Full pay families - question for you- would you prefer your child have a play date with a middle class family, in an average small home, in a fine neighborhood or send your kid to play in a low income housing apt complex with no nanny or parent at home, and child goes home alone with single parent who comes home late after working 2 jobs? Would you even socialize with the families you truly think are worthy of aid- single parent, working 2 jobs, multiple children, govt assistance just to get groceries... but the kid is brilliant? I doubt it.

What is your point?