Reply to Do you get financial aid at Sidwell lower school? Beauvoir?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Your not likely to qualify based on that salary but nobody can answer for sure.  Just apply for FA and find out.  FA is generally reserved for those truly in need.  While I understand that in DC that income doesn't go as far as it would elsewhere it may be too high for FA.  It can't hurt to try but be prepared to deal with receiving an acceptance letter with no offer of FA. Might not be worth the hart ache if you truly cannot afford it.[/quote]

Back of the envelope, you may qualify for some aid based upon the NAIS formula:

Taxable Income of $140,000 less Allowances (state, Federal, and FICA taxes, other) roughly $40,000 = Effective Income of $100,000

Effective Income of $100,000 less Income Protection Allowance (food, transportation, housing) roughly $25,000 = Discretionary Income of $75,000

Parental Contribution for one child is roughly 34% of Discretionary Income = $25,500

Local Private School Tuition next year estimated at $37,000 less Parental Contribution $25,500 = $11,500 in Financial Aid

This assumes no extraordinary expenses (like medical or alimony) and no income from financial assets, but is directionally correct.

This is REALLY helpful. Thank you. -OP
[/quote]

Damn, you're good. That's very close to my numbers and what we received. [/quote][/quote]

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