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Private & Independent Schools
Reply to "Financial aid for private school - $100k+ salary?"
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[quote=Anonymous][quote=Anonymous]I don't think many people making $300k are getting FA, OP. Maybe a few, families with 8 kids and a kid with health issues or something. We didn't get FA with a HHI of $140 and 1 kid. [b]And it isn't true that the school will reject your kid if they can't offer you aid, as 15:36 says. The process doesn't work like that in most schools. In most schools the admissions decisions and the FA decisions are made separately.[/b] OP, if you can afford it, but just think 20% off would be nice...well, of course. But that isn't really what FA is intended for. Our school basically says they want you to pay till it hurts, and they'll give you FA if not giving you FA meant your kid couldn't go. Not that you'd choose to go elsewhere because you'd like to keep a little discretionary income, but that your kid would not be able to go. I hear that in reality it doesn't always work like that, and some people do game the system, but frankly I choose not to.[/quote] In theory...but some applications actually ask if a family intends to apply for financial aid, and other schools have the financial process begin with the admissions office. I can't imagine that the thought doesn't cross their minds when they are making decision, especially if it came down to a decision between a family that could pay full freight and contribute to the annual fund, and one that needed significant aid and was unable to contribute to the fund. Some schools have the paperwork sent to and processed by an outside agency entirely, and those are the ones I would assume have truely need-blind admissions. [/quote]
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