Reply to Do private schools require (or request) financial aid families with SAHM get a job? If yes, how?

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Reply to "Do private schools require (or request) financial aid families with SAHM get a job? If yes, how?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My only take on this is that the imputed income for the nonworking parent needs to be increased to a [i]minimum[/i] of $55-60,000.  It should reflect approximately one-half of the median HHI for the region.[/quote]

As if jobs are randomly assigned to job seekers! There really aren’t a ton of jobs that you can just walk into at 55K. It’s not a realistic expectation.[/quote]

Many, many people who SAH can do just that and much more.  In fact, most who are looking at private schools left jobs making at least that before staying home.

I’d be fine with a more individualized approach, which would look at the actual earning potential of the SAHP.  So, if the parent had little education, English proficiency or other skills, I would be fine imputing less.

But let’s not pretend that most people applying to private schools don’t have the background that would enable them to make at least that if they rejoined the workforce.[/quote]

Well, if they aren't a teacher or librarian or artist or retail warmer they may make that much. Most parents who decide to SAH don't make that much money.[/quote]

But it’s still a luxury. And taking money from people to enjoy an additional luxury on backs of working mothers. [/quote]

But apparently the school thinks the child is an asset to the community, whatever the parents are doing.  Besides, unless you are voluntarily donating a significant amount, you aren’t supporting the FA students anyway.[/quote]

This isn’t true. At our school, 20% of tuition is spent on FA so $8000 of the $40,000 we pay is being used to support other families. Two students = $16k in money going to others without donating a single dollar.  Check your school’s budget — the percentage of your tuition going to financial aid will be between 10-20%. [/quote]

For most schools, FA is 10-20% of the expenses, BUT tuition is maybe 80-85% of the revenues.  Donations, camp, rentals, whatever make up the rest.  So generally FA is not covered by tuition but by fundraising and other stuff.[/quote]

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