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Reply to "Costs: Big 3; second tier"
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[quote=Anonymous][quote=Anonymous]Another false comparison. Families of children offered admission at STA or Sidwell are not likely to turn that down for a lesser quality to save a few thousand dollars BECAUSE: 1) If the family needs FA, then STA and Sidwell are the two schools with the deepest pockets in town and most likely will offer the best FA their DC could get- far more than lower tier schools that are under funded and tuition dependant 2) If the family is in the other group of high HHI and was just offered admission to STA or Sidwell, they aren't going to be wringing their hands thinking about saving 7K a year or even 100K over 9 years. Because these families are not making decisions based on what are low figures to them. They are choosing the best education . Period.[/quote] I think the fallacy here is assuming every family that "needs" financial aid is offered it. I know we would have not been eligible but would have had to cut a lot from our budget (specificaly retirement/college savings) so paying an extra $5-7k would be material to us (although we ended up deciding it wasn't worth it after all, I think there are plenty of families in that position).[/quote]
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