Reply to FA in BMS and Gillman

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[quote=Anonymous][quote=Anonymous]Wow, thanks for the wake-up call.

My kids go to a Baltimore private and we are generous donors to the school. After reading this thread I’ll be decreasing my donation significantly and will designate where the funds go. Why should we work so hard so that a family making a high income can send multiple children to private school?[/quote]

I am skeptical. Because anyone paying 40k+ tuition especially for multiple kids know how much of a burden it is unless you are genuinely wealthy. Even on a 400k HHI in Baltimore, which is really good for Baltimore, you would absolutely feel the financial bite if you were paying 80-82k a year out of your take home for two kids. That money doesn't exist in a void, it competes with things like college savings, mortgages, retirement. And now you're attacking someone with a 275k HHI getting 15k for one kid because they're paying for college for the other? She's still paying 25k plus the tuition for her college kid, which means she's spending a lot of money.

I don't think the Baltimore schools want to go the route of the DC schools, 90% rich kids and 10% massive financial aid. There are just not that many families in Baltimore who can afford the full tuition (which we see with some student body numbers declining compared to 25 years ago).

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