Reply to People with $1.2M+ homes and getting significant financial aid

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't the schools assess these factors for financial aid? Or you mean these families are flying under the radar?[/quote]

With the family I am aware of, I suspect the house they live in is owned by grandparents. Or grandparents buy cars, clothes, etc. for lifestyle and parents submit their $60,000/yr job income tax records for financial aid. [/quote]

We have similar situations at our private school. $2-$4m houses, nice cars, trips at every break, and some even have ski or beach houses. I guess it’s nice to have parents who take care of you, but FA should somehow take this into account.

We have a relatively new HOS and before they started, it was even worse. It was a poorly kept secret that certain people were allowed to negotiate for financial aid. Basically if you had social capital or were linked through family friends or alumni ties at other schools to the head and other administrators, you would threaten to leave at re-enrollment time and then the school would give you an alternate tuition price to get you to stay.

Some of the families who have been around for a while now grumble loudly about minor tuition increases…because for years they weren’t affected for them so they have no framework for the tuition price. The youngest in those families cannot graduate soon enough. [/quote]

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