How much do you make and how much FA do you receive?

[Anonymous]

Anonymous wrote:HHI $100k, receive 60% FA.

How can you afford to live? Not being sarcastic

The economic policy institute has a family budget calculator that estimates a family with 2 adults and one child needs $83,675. http://www.epi.org/resources/budget/

60% of $30,000 (typical private school tuition around here) is $18k

83675+18000 =$101,675.

[Anonymous]

Anonymous wrote:

Anonymous wrote:HHI $100k, receive 60% FA.

How can you afford to live? Not being sarcastic

The economic policy institute has a family budget calculator that estimates a family with 2 adults and one child needs $83,675. http://www.epi.org/resources/budget/

60% of $30,000 (typical private school tuition around here) is $18k

83675+18000 =$101,675.

It's not my situation, but everyone makes different lifestyle choices. I have friends with a HHI of $200K and they ONLY shop in thrift and consignment stores (even for their kids Christmas gifts). They also have one car that is about 10 years old and not fancy. They take only take vacations that they can find on discount through Groupon, Living Social and CerifiKid (they love those time share deals where they get a few days for eithe free or $200 and they attend a stupid session knowing full well they aren't purchasing). They pay full freight at a private school for 2 kids. Material things just aren't a big deal for them. My point is I doubt those calculations really take in lifestyle choices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI $100k, receive 60% FA.

How can you afford to live? Not being sarcastic

The economic policy institute has a family budget calculator that estimates a family with 2 adults and one child needs $83,675. http://www.epi.org/resources/budget/

60% of $30,000 (typical private school tuition around here) is $18k

83675+18000 =$101,675.

It's not my situation, but everyone makes different lifestyle choices. I have friends with a HHI of $200K and they ONLY shop in thrift and consignment stores (even for their kids Christmas gifts). They also have one car that is about 10 years old and not fancy. They take only take vacations that they can find on discount through Groupon, Living Social and CerifiKid (they love those time share deals where they get a few days for eithe free or $200 and they attend a stupid session knowing full well they aren't purchasing). They pay full freight at a private school for 2 kids. Material things just aren't a big deal for them. My point is I doubt those calculations really take in lifestyle choices.

No! You have to read the budget! It's based on the area. So here, I'll do my own math:
100000
-25000 (taxes)
-28000 (rent)
-8000 (groceries)
-7500 (healthcare)
-3000 (transportation)
-18000 (tuition!)
Which leaves 10,500, or $875 a month, for everything else! It's not doable, even if you "vacation with deals from living social". Even basic phone service and Internet service for a two adult house is going to cost you $2400 annually.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI $100k, receive 60% FA.

How can you afford to live? Not being sarcastic

The economic policy institute has a family budget calculator that estimates a family with 2 adults and one child needs $83,675. http://www.epi.org/resources/budget/

60% of $30,000 (typical private school tuition around here) is $18k

83675+18000 =$101,675.

It's not my situation, but everyone makes different lifestyle choices. I have friends with a HHI of $200K and they ONLY shop in thrift and consignment stores (even for their kids Christmas gifts). They also have one car that is about 10 years old and not fancy. They take only take vacations that they can find on discount through Groupon, Living Social and CerifiKid (they love those time share deals where they get a few days for eithe free or $200 and they attend a stupid session knowing full well they aren't purchasing). They pay full freight at a private school for 2 kids. Material things just aren't a big deal for them. My point is I doubt those calculations really take in lifestyle choices.

No! You have to read the budget! It's based on the area. So here, I'll do my own math:
100000
-25000 (taxes)
-28000 (rent)
-8000 (groceries)
-7500 (healthcare)
-3000 (transportation)
-18000 (tuition!)
Which leaves 10,500, or $875 a month, for everything else! It's not doable, even if you "vacation with deals from living social". Even basic phone service and Internet service for a two adult house is going to cost you $2400 annually.

Maybe they aren't paying much in taxes? Who knows. But I'm amazed at what people make due with these days.

[Anonymous]

Anonymous wrote:Well it's a good thing none of you sit of the financial aid board of any school. There are a lot of loud mouths on here in opposition of FA but not one of you have the guts to stand up and say it loud. In fact, you pretend to believe in equal access for all regardless of ability to pay otherwise chances are you wouldn't have even been admitted into the school. Take your high misplaced morals elsewhere.

Whoa. No one is against FA. Most are expressing surprise that families who make over $300k are receiving FA while other families who make $100k are not receiving anything. Equal access is a good thing, but it seems from posters anecdotal posts that is not necessarily the case.

[Anonymous]

Anonymous wrote:We have a HHI of $310k and a $500k mortgage. One child. I thought there was no way we would ever qualify for FA and didn't apply, even though it's not like we have an extra $30k lying around each year. I was talking to a friend with two kids in private school at about the same income level as us. She said her family gets FA and that only the ultra rich pay the full sticker price. I find that hard to believe and would have felt ridiculous asking for FA, but I also wonder if she's right.

If this is true and she's getting FA it is offensive to those of us who would never ask for other working parents to pay for our kid to attend private school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have a HHI of $310k and a $500k mortgage. One child. I thought there was no way we would ever qualify for FA and didn't apply, even though it's not like we have an extra $30k lying around each year. I was talking to a friend with two kids in private school at about the same income level as us. She said her family gets FA and that only the ultra rich pay the full sticker price. I find that hard to believe and would have felt ridiculous asking for FA, but I also wonder if she's right.

If this is true and she's getting FA it is offensive to those of us who would never ask for other working parents to pay for our kid to attend private school.

Other people have mentioned "asking" for FA from other parents. The truth is, parents donate money to the annual fund which is used to fund FA. Parents are donating. If they choose not to donate, they don't. The money is being voluntarily given with the knowledge that it might be used for FA. I'm not asking for money from anyone. The money has been freely donated and the school decides who it goes to based on info given by the families applying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have a HHI of $310k and a $500k mortgage. One child. I thought there was no way we would ever qualify for FA and didn't apply, even though it's not like we have an extra $30k lying around each year. I was talking to a friend with two kids in private school at about the same income level as us. She said her family gets FA and that only the ultra rich pay the full sticker price. I find that hard to believe and would have felt ridiculous asking for FA, but I also wonder if she's right.

If this is true and she's getting FA it is offensive to those of us who would never ask for other working parents to pay for our kid to attend private school.

Everyone's sense of what is right or wrong is different. If you would never ask then that's on you. Don't be mad because someone else has no problem asking for something the school found them qualified for. You are in your feelings and choosing to be offended. You can't expect everyone to view the world the way you do. Sorry, it doesn't work that way. Be offended all you want, though I'm not sure what that gets you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have a HHI of $310k and a $500k mortgage. One child. I thought there was no way we would ever qualify for FA and didn't apply, even though it's not like we have an extra $30k lying around each year. I was talking to a friend with two kids in private school at about the same income level as us. She said her family gets FA and that only the ultra rich pay the full sticker price. I find that hard to believe and would have felt ridiculous asking for FA, but I also wonder if she's right.

If this is true and she's getting FA it is offensive to those of us who would never ask for other working parents to pay for our kid to attend private school.

Everyone's sense of what is right or wrong is different. If you would never ask then that's on you. Don't be mad because someone else has no problem asking for something the school found them qualified for. You are in your feelings and choosing to be offended. You can't expect everyone to view the world the way you do. Sorry, it doesn't work that way. Be offended all you want, though I'm not sure what that gets you.

Says the opportunist with no sense of shame or decency.

[Anonymous]

Anonymous wrote:Exactly pp. We have one kid with $150k combined income. Pay full freight.

I think a lot of people cheat to get FA

Yikes --I'd think you easily qualify for financial aid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Exactly pp. We have one kid with $150k combined income. Pay full freight.

I think a lot of people cheat to get FA

Yikes --I'd think you easily qualify for financial aid.

Maybe not. Depends on equity, savings, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI $100k, receive 60% FA.

How can you afford to live? Not being sarcastic

The economic policy institute has a family budget calculator that estimates a family with 2 adults and one child needs $83,675. http://www.epi.org/resources/budget/

60% of $30,000 (typical private school tuition around here) is $18k

83675+18000 =$101,675.

It's not my situation, but everyone makes different lifestyle choices. I have friends with a HHI of $200K and they ONLY shop in thrift and consignment stores (even for their kids Christmas gifts). They also have one car that is about 10 years old and not fancy. They take only take vacations that they can find on discount through Groupon, Living Social and CerifiKid (they love those time share deals where they get a few days for eithe free or $200 and they attend a stupid session knowing full well they aren't purchasing). They pay full freight at a private school for 2 kids. Material things just aren't a big deal for them. My point is I doubt those calculations really take in lifestyle choices.

No! You have to read the budget! It's based on the area. So here, I'll do my own math:
100000
-25000 (taxes)
-28000 (rent)
-8000 (groceries)
-7500 (healthcare)
-3000 (transportation)
-18000 (tuition!)
Which leaves 10,500, or $875 a month, for everything else! It's not doable, even if you "vacation with deals from living social". Even basic phone service and Internet service for a two adult house is going to cost you $2400 annually.

Maybe they aren't paying much in taxes? Who knows. But I'm amazed at what people make due with these days.

"Sound of hand slapping forehead" there are tax brackets, if you make "x"amount, you pay "x" amount. At this income level, I am guessing they don't have a lot of charitable donations or 401k contributions to get the number any lower.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have a HHI of $310k and a $500k mortgage. One child. I thought there was no way we would ever qualify for FA and didn't apply, even though it's not like we have an extra $30k lying around each year. I was talking to a friend with two kids in private school at about the same income level as us. She said her family gets FA and that only the ultra rich pay the full sticker price. I find that hard to believe and would have felt ridiculous asking for FA, but I also wonder if she's right.

If this is true and she's getting FA it is offensive to those of us who would never ask for other working parents to pay for our kid to attend private school.

Everyone's sense of what is right or wrong is different. If you would never ask then that's on you. Don't be mad because someone else has no problem asking for something the school found them qualified for. You are in your feelings and choosing to be offended. You can't expect everyone to view the world the way you do. Sorry, it doesn't work that way. Be offended all you want, though I'm not sure what that gets you.

Says the opportunist with no sense of shame or decency.

Yep, good thing I don't let those two virtues get in my way!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:HHI $100k, receive 60% FA.

How can you afford to live? Not being sarcastic

The economic policy institute has a family budget calculator that estimates a family with 2 adults and one child needs $83,675. http://www.epi.org/resources/budget/

60% of $30,000 (typical private school tuition around here) is $18k

83675+18000 =$101,675.

It's not my situation, but everyone makes different lifestyle choices. I have friends with a HHI of $200K and they ONLY shop in thrift and consignment stores (even for their kids Christmas gifts). They also have one car that is about 10 years old and not fancy. They take only take vacations that they can find on discount through Groupon, Living Social and CerifiKid (they love those time share deals where they get a few days for eithe free or $200 and they attend a stupid session knowing full well they aren't purchasing). They pay full freight at a private school for 2 kids. Material things just aren't a big deal for them. My point is I doubt those calculations really take in lifestyle choices.

No! You have to read the budget! It's based on the area. So here, I'll do my own math:
100000
-25000 (taxes)
-28000 (rent)
-8000 (groceries)
-7500 (healthcare)
-3000 (transportation)
-18000 (tuition!)
Which leaves 10,500, or $875 a month, for everything else! It's not doable, even if you "vacation with deals from living social". Even basic phone service and Internet service for a two adult house is going to cost you $2400 annually.

Maybe they aren't paying much in taxes? Who knows. But I'm amazed at what people make due with these days.

"Sound of hand slapping forehead" there are tax brackets, if you make "x"amount, you pay "x" amount. At this income level, I am guessing they don't have a lot of charitable donations or 401k contributions to get the number any lower.

Slap yourself again if you think the tax code is that simple. LOL. I know people who claim 10 exemptions all year long and have very little withheld and then at the end of the year get very creative with their tax deductions, especially those who have small businesses on the side.

[Anonymous]

Here's the thing, when you give money away it is no longer your money. So when you "donate" money to the school's annual fund its no longer your money and you don't get a say in what the school does with it because it is now THEIR money to do with as they see fit. If you don't like what they do with it then don't donate any money. Though I suspect you won't have the courage to do that because so many of you get off of being known as a big donor at those charity events. LOL