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Private & Independent Schools
Reply to "Managing kid's hopes re: private school and financial aid?"
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[quote=Anonymous][quote=Anonymous]It isn’t just income. I know a family with one child that had a total income of 190,000. Owned a home in a nicer suburb. One child. One parent did part time jobs here and there. In other words one spouse was underemployed. They got into several schools and were offered ZERO aid. The message sent was you earn enough and/or both of you need to have a job. Now 55k is a big tuition bill for an income of 190k. But it is probably doable. To me the shocker was no aid at all and I think that had to do with one parent was mostly a stay home. Not ok for high school age.[/quote] The schools were absolutely right here. If the parents don't want to work, you cannot expect the school to subsidize the parents. Donations are used to fund financial aid and this would just be wrong. The parents need to be full pay if they are not working.[/quote]
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