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Reply to "What's your school's gap?"
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[quote=Anonymous][quote=Anonymous]The gap is real. At our school your tuition covers about 78% of the cost of educating your kid. Yes it's crazy expensive and yes people have a lot of money and prioritize education. Thanks to some of the more wealthy generous folks, all of our kids receive an outstanding education at schools with exceptional facilities, faculty, and programs. [/quote I understand this, but at many major independent schools in greater DC the budget includes 20% or more for FA. I'm not criticizing FA -- personally, I think it is critical to a healthy environment at a private school -- but I still view the "gap" as a marketing ploy. And yes, I also agree that by not having tuition higher at least the donations are deductable. But I think schools do it this way because if donations come in lower they can play a bit with FA offers to new families to reduce expenses without necessarily compromising programs -- at least not in the first instance.[/quote]
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