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Reply to "How is financial aid funded?"
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[quote=Anonymous][quote=Anonymous]Tuition never covers financial aid. Let's say a school has an annual budget of $10 million. The school will have several revenue streams to get to that $10 million - tuition, summer camps, facility rentals, fundraising. Some schools may have an endowment that throws off income as well. Tuition is the largest income stream, but it would never cover the full budget, hence the other income streams. Most financial aid is going to be covered by fundraising and income from an endowment. That's a really crude and simple breakdown of the overall budget picture. - Former board member of a local independent school[/quote] What you meant was: Tuition never [b]fully[/b] covers financial aid. Right? So, tuition covers some of the financial aid?[/quote]
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