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Metropolitan New York City
Reply to "Need-blind admissions"
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[quote=Anonymous][quote=Anonymous]I think it’s great you’re wanting to maximize your chances and to provide the type of education you feel they deserve but I’d also encourage you not to neglect your other long term financial commitments. The reality is that a HHI of 350k is simply not enough for 2 private school tuitions and trying to frugal your way through it will lead to a lot of stress down the line. [/quote] Sorry, I started this thread more to ask about the 'need-blind' question rather than whether specifically our income would qualify, but I should clarify that the "$350k or so" is just salary; we have substantial assets and a substantial amount of passive income, not to mention some family help. I should have left that number out of my first question to avoid confusing people. So I really appreciate the honest talk - if $350k were in fact our only income it would have been an incredibly valuable wakeup call - but our taxable income is a good deal more than that, more in the neighborhood of the possible/unlikely threshold on that Leman chart. But the thrust of my question was more "is it worth the admissions downside of applying for financial aid when we're making enough that if we tighten our belts a bit we could afford tuition without it" rather than "would this particular number qualify for aid." And it sounds like the consensus answer to that is mostly "no." The belt-tightening aspect also means that without aid we'll be much more motivated to send our kids to specialized high schools if they get in, but we're not assuming that will happen, we just think it's likely based on how they've done on other tests.[/quote]
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