Reply to ok, don't crucify me.. question about financial aid.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why do get to have an opinion on the financial decisions of others? And spare me the "my money is funding your child" rhetoric, because it is simply NOT true.

1. No ones tuition -- even you precious full pay people - covers your child'a entire education for the year. If you actually believe that I would suggest you talk to the people on your Board and in the finance office.

2. If you are sooo offended that you are appalled at the idea of donating...then DONT. If what you worried about are appearances, then you deserve having to come up off money you don't want to.

4. Finally, worry about YOURSELF. Sit on your high horse abs pat yourself on the back for not needing FA or not being willing to lower and demean yourself to ask for any because your pride is fatter than your bank account.

3. Here is a novel idea -- YOU send your kids to public school and you won't have to worry about what's going on at the private schools.
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1. I know that tuition doesn't cover everything. Schools make very clear in the fundraising drives that donations are going to financial aid. when a family or a single Mom making $60 or $70k needs financial aid, I have no problem. When someone who makes $200 or $300k who have major equity in a  house or is putting aside $2000 a month in retirement thinks they are entitled to financial aid, big difference. Just because you want a private school education you need to make choices in that salary range. You can't have everything.
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Genuine question here. I'm the PP who puts a substantial amount aside for retirement. What do you think is an appropriate amount?  Do you think that I should be saving zero for retirement? Because that's pretty much the same as saying that [b]middle-class FA shouldn't exist[/b], because prudent parents would never take that deal.

What about people with pension plans, not 401ks? Should some kind of extra income be imputed to them?

You're making some fine judgements here.  I suggest that the FA departments also care about fairness and sustainability, and that they make these decisions with their years of experience in mind. [/quote]

http://www.npr.org/2016/07/07/484941939/a-portrait-of-americas-middle-class-by-the-numbers

Middle Class is not someone who is making $250-$300K a year. You may think that living in this area but that is not how it is defined. Private school is a luxury. Families have to make decisions all the time about what they want and can afford. No one is entitled to a private school education because they want it. Someone that has $700,000 in equity in a house and still believes that deserve financial aid is ridiculous. 
There is no pre tax income being put into a pension plan. so why would you assign them any income now?
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