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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am starting to feel like most financial aid is actually a disservice.  It encourages families who cannot truly afford the luxury of private school to spend whatever they can set aside, instead of saving for college, retirement and paying off their mortgage.  Because they have not saved for college, the cycle repeats with these families expecting taxpayers, full pay families and endowments to fund most college expenses.  Undoubtedly, their children will still end up with large student loans AND parents who are unprepared for retirement.  Why should private schools promote this irresponsible path? And guilt trip other parents who don't support it?  We just have a really warped view of needs vs. wants in our society.[/quote]

Do you not have a clue as to how you sound??? Yes, you rich people really do know what's better for us poor people on FA - silly me! I had no idea that rich people know better than I do as to what's best for my son and family.[/quote]

Of course families want "the best" for their children.  The point is that you 1) can't afford it; 2) are putting your responsibilities off on other people, and 3) it has long-term consequences...[/quote]

1) You're right, we couldn't afford the tuition for our DS's private HS all on our own.  The scholarships and FA he was awarded equaled 50% of the tuition and we were able to afford the other 50%. During that time we were also able to: pay our modest mortgage, save a modest amount in my 401k and send 2 older siblings to college (state flagship).

2) If you don't like the fact that your school subsidizes other students with your tuition dollars and you'd like your DCs to attend a school that is 100% rich kids, as numerous other posters have said before, find another school.  Clearly, my DS's HS very much wanted him there for these past four years or they wouldn't have been so generous, for which we are, of course, very grateful.

3) Long term consequences??? You have no idea how paying for 50% of our DS's private HS effects our family.  Maybe DS was awarded a full scholarship to college, maybe DS is going to college by joining the military, maybe DS will have a combination of merit and financial aid, work, loans and family contribution, maybe DS will attend community college for the first two years and then transfer.  And as far as my DH and I's retirement - you have no idea there either.  Maybe one of us has a pension, maybe we were able to save a decent amount in 401Ks before DS went to private HS and never planned on DS attending private until he expressed interest in his school, maybe one of us is going to inherit money, maybe we're ok with a very modest retirement and will live on our social security, maybe right before DS went to private HS we had saved a substantial amount for retirement but then the major bread got too sick to work.

But whatever - people as patronizing as you are will continue to think that people like me need to be saved from ourselves.  Fortunately, my DS's HS thought differently.

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