What HHI for financial aid?

[Anonymous]

Anonymous wrote:Would a family with 2 children in private school with a HHI of $300k get any FA?

Well, have you done the math? $300k is about $160-$175k after taxes. A $5k/month escrow payment is typical here. Utilities are expensive here and gas/elec/water can be $800-$1k a month. People on the like to drive while talking on their cell phones and cut people off and slam on the brakes, so car insurance with two teenagers is about $1k a month. Need me to go on?

I’m glad this discussion shifted to people with range rovers, country club memberships and second homes that take international vacations (the fa apps ask those questions), because that’s a different issue than the dual income dmv family making $300k pre tax that is trying to give their kids something better than an overcrowded md public high school.

[Anonymous]

^ so in my experience yes. Not a lot, but some help.

[Anonymous]

To what extent does each additional child add to the FA calculation? Is there a rule of thumb that generally applies? Affording $45k versus $90k versus $135k is very different.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.

We stayed in public.

On that income yuo can afford full pay. That's crazy you expect that much help.

That’s not true. That’s $300k before taxes. See my very basic breakdown above.

You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.

[Anonymous]

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Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.

We stayed in public.

Thanks for your honesty, but wow. Given that you need financial aid in the first place this seems like a fair amount and savings. We are full pay and I’d love to pay $10k less just because. Honestly, your response is why I don’t contribute to financial aid and earmark our contributions to other school needs that benefit all students and staff.

This is why parents view those who use financial aid as swindlers. The fraud is rampant.

Your abuse of the English language is worse than any of these people’s abuse of financial aid. It isn’t “fraud” to apply for financial aid, get an offer of $10k, and turn it down. It isn’t fraud to apply at all. The schools even encourage it.

The commenters here are extremely weird.

The fraud is there. Audit the income tax returns and financial statements/disclosures. It is there.


Like a church pastor driving a Ferrari. It is obvious.

For all FA? Whose returns and disclosures? Have you seen these documents? All of them? Why would you have seen them? Can you produce them?

You sound like your head is under a rock. Totally oblivious.

You are completely devoid of substance. I’m starting to wonder if you’ve ever even sent your kids to private school.

You are either not paying attention or involved in the con.

So you have nothing to support your claims. Unsurprising.

There are plenty of examples if you read through this board. FA families who are members of pricy country clubs, who purchase brand new $100k+ vehicles, who take regular international vacations, who own second homes, whose own $4M primary homes, and so on. It really couldn’t be more obvious.

Lol your evidence is unspecified anonymous comments on DCUM. Oooh boy time to get off the internet.

You are being unreasonable if you want me to single out individuals on this board. Anyone who is informed on the parents and families at their school notices this stuff. We see this stuff happening at our school, as well as other parents posting about it on DCUM.

Anonymous posts on an open internet message board are worthless.

If you can’t back up your posts, they are just as worthless. No one can just take your word for it.

At the very least, name your school. That might get you a bit of credibility.

It is not just one school. It is the majority of them.

Why should anyone believe you?

Just look out for it at your own school.

You’ve given no reason anyone should.

People should know their full pay tuition dollars and donations are funding financial aid programs that are handing out money to the extremely wealthy.

The schools fundraise on the idea that financial aid is like a charity. Look at the families receiving aid. It is just giving out money to whoever can creatively reduce their wealth on a financial aid application. These same families are vacationing in France, buying vacation homes, and getting new cars regularly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.

We stayed in public.

On that income yuo can afford full pay. That's crazy you expect that much help.

That’s not true. That’s $300k before taxes. See my very basic breakdown above.

You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.

This would be normal practice by schools in the DMV. Your donations are already funding this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Would a family with 2 children in private school with a HHI of $300k get any FA?

Well, have you done the math? $300k is about $160-$175k after taxes. A $5k/month escrow payment is typical here. Utilities are expensive here and gas/elec/water can be $800-$1k a month. People on the like to drive while talking on their cell phones and cut people off and slam on the brakes, so car insurance with two teenagers is about $1k a month. Need me to go on?

I’m glad this discussion shifted to people with range rovers, country club memberships and second homes that take international vacations (the fa apps ask those questions), because that’s a different issue than the dual income dmv family making $300k pre tax that is trying to give their kids something better than an overcrowded md public high school.

Its all about lifestyle choices. Our mortgage is around $2K. And, car insurance for a teen is $2K a year, however you can pospone your child driving.

[Anonymous]

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Anonymous wrote:Families looking for discounts are not interested in supporting the school or the school community. Let them bargain shop elsewhere.

This comment makes zero sense.

I get it from a school budget perspective. Full pay families have to subsidize the FA families. Many are also donating on top of that.

+1
We are full pay and I donate $6k ($2k from me; $4k double corporate match). My HHI is $300.

[Anonymous]

Anonymous wrote:Also, anyone making $300k and looking down on the offer of a 20% discount as not enough can gtfo.

+1
It wasn’t a culture fit.

[Anonymous]

I would like to think my full pay tuition isn't financing wealthy families. But I know at least one that seems well off, has more than one property, a two kids in private and is getting financial aid, though I don't know how much.

It's a little disheartening to those of us who worked hard to pay off our mortgage early, drive older cars, don't take expensive vacations, and live within our means to be penalized for being frugal.

[Anonymous]

Anonymous wrote:The next time a kid comes to you with a fundraiser for their sports team, music club, or class field trip, you need to understand what is actually going on here:

Cheap ass parents.

Or more likely - poor or neglectful parents. That’s part of the reason they are in public school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.

We stayed in public.

On that income yuo can afford full pay. That's crazy you expect that much help.

That’s not true. That’s $300k before taxes. See my very basic breakdown above.

You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.

A lot of schools publicize data like this, and nearly all show a decent chunk of aided families in this income bracket.

At Landon, 27% of aided families have a HHI of over 300k, 13% of whom have HHI over 400k. https://www.landon.net/admission

At Maret, 34% of aided families have a HHI of over 250k. https://www.maret.org/admission/tuition-financial-aid

[Anonymous]

Anonymous wrote:With my own kids, we always opt out of making the kids fundraise for their extracurriculars and just pay the activity fee instead of there is that option.

We don’t let our kids fundraise for themselves.

Parents who do should be embarrassed. It is the same as panhandling.

+1
Couldn’t agree more!! Sometimes I see HD kids at busy intersections offering water or to wash your car (in a nearby parking lot). Seriously I never contribute in this way because I don’t want to reward the lack of safety they display. I support my local public through an annual donation, albeit mic smaller than I contribute to my children’s private schools.

[Anonymous]

Anonymous wrote:I would like to think my full pay tuition isn't financing wealthy families. But I know at least one that seems well off, has more than one property, a two kids in private and is getting financial aid, though I don't know how much.

It's a little disheartening to those of us who worked hard to pay off our mortgage early, drive older cars, don't take expensive vacations, and live within our means to be penalized for being frugal.

How do you know they get aid? I have no idea who gets aid at our school

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.

We stayed in public.

On that income yuo can afford full pay. That's crazy you expect that much help.

That’s not true. That’s $300k before taxes. See my very basic breakdown above.

You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.

A lot of schools publicize data like this, and nearly all show a decent chunk of aided families in this income bracket.

At Landon, 27% of aided families have a HHI of over 300k, 13% of whom have HHI over 400k. https://www.landon.net/admission

At Maret, 34% of aided families have a HHI of over 250k. https://www.maret.org/admission/tuition-financial-aid

Helpful, thanks.