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Reply to "Financial aid "dried up""
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[quote=Anonymous][quote=Anonymous]So I was told by a teacher friend at a frequently discussed on this forum school that due to the economy, financial aid has "dried up" in the DC/VA/MD private schools. She said they have a perfect storm of established full tuition families now seeking financial aid due to the economy, previous financial aid families needing more financial aid, and less giving to the school by donors. My daughter has been asking us to explore different schools for her for 3rd grade (she's at a parochial school now that is fine but she feels unchallenged and somewhat lost in the shuffle as a "good kid" in a class with a couple of high-need kids). We make well under 100K a year combined and have 2 younger children (3 yrs old and infant), so while we can swing parish school tuition, there's no way we can do a 30K a year tuition. I think our daughter should be a good candidate at the schools we're looking at. She's tested 99th percentile on standardized tests for school and for CTY, and she's a really kind and easy to get along with child. We don't have any connections or anything, but we're not applying at Big 3 schools either so hopefully that won't matter so much. So we're applying for a few schools that seem like good fits for her, but the info about lack of financial aid is making me wonder if we'd just be getting her hopes up for something impossible. Obviously, we don't know where/if she'll get admitted, but I worry about her falling in love with schools on visit day and getting in only to be told there is no financial aid for new families. Has anyone heard this is likely? Anyone with info about the financial aid situation this year? Or in any year really? Are we setting her up for heartbreak by applying at all? [/quote] Go for the deep pocketed schools. To draw a parallel : Harvard still has money,right[/quote]
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