Reply to FA shouldn't go to people with 1 million dollar houses

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[quote=Anonymous][quote=Anonymous]All of the parents here seem to have a huge sense of entitlement. Your tuition dollars do not cover the cost of your child's education. Any amount you actually give and let's face it here, all these people who are complaining and truly sacrificing are not donating much more than the required tuition.  The school appreciates your $500, $1000, $5000 or maybe even $10,000 donations, but really, it's just going towards covering your own child's education costs. In any case, the money belongs to the school and a bulk of that money is coming from money already given to the school before you even got there., and the school can do what it wants with its money. Before you stop giving to your school however, you may want to get your facts checked about exactly how much of your dollars actually help one of these so-called undeserving families. 
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I'm sorry, I just don't agree with you.  When we received our reenrollment contract, it specifically stated that X% of tuition was being allocated to financial aid.  The phrases that schools use to say that there is a gap between tuition and the cost to educate "each" child is just that.  It's not the cost to educate "my" child.  It's the cost the educate "every" child enrolled in the school.  "Every" child is not paying full freight and thereby creates a gap.  For those paying full freight, some of the tuition dollars are being used to fund financial aid.  Between the X% of tuition allocated to financial aid, annual giving (some of which is allocated to financial aid), the scholarship auction, and X% draw down on the endowment -- that is where the money for financial aid is coming from.  The money belongs to the school but the money is coming from parents past and present.[/quote]

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