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Private & Independent Schools
Reply to "How high can income be and still qualify for financial aid?"
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[quote=Anonymous]$425k 3 kids no debt except for mortgage, home equity of about one million due to appreciation. Get 75% aid at one school (one kid) Get 10% aid at second school (two kids) Between 3 kids we pay about $120k/year. Some schools have deep pockets and will use aid to get kids they really want. This is much easier for high school. schools do not want to tie up aid for years and years. Also kids have value to schools at the high school level. Of note: if we had to do this again we would have stayed in public for 2 of the 3 kids. the schools are great but they're not worth this much money. spending this much ($500k cash) is not insignificant for us. it is for most private school families--really just a rounding error for many. [/quote]
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