Reply to Financial aid for net HHI of $150K

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Reply to "Financial aid for net HHI of $150K - $200K?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Thanks for this information. Yes, our net income after taxes only is about $200K. [b]Other deductions like retirement contributions, [/b]health insurance, etc. account for about $50,000, so our net take-home income is about $150,000.

Do schools adjust the parent contribution amount differently than what is shown on the Family Contribution Report that we see to account for cost of living in high-cost areas, etc.?[/quote]

If you're maxing out 410ks, schools (and colleges when the kids get older) view that as money you can use for tuition. [/quote]

no, they don't.  the private schools here will not expect you to use retirement savings for school.  Colleges night (I'm not there yet).
OP, don't listen to those those who imply that you have to live on ramen and use your home equity and retirement accounts before you are granted aid at the top DC schools. 
They have been remarkably generous in recent years to families who make significantly more than you may think. 
Apply and see.  You will likely be surprised.  [/quote]

They won't expect you to use savings, but they won't exempt that 40k worth of income either. [/quote]

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