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Private & Independent Schools
Reply to "FA shouldn't go to people with 1 million dollar houses"
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[quote=Anonymous]np here. Why do I care, as a middle class parent who makes sacrifices to pay for tuition for my own kids **AND** make a contribution every year to the annual scholarship fund at the school? Thank you for asking. I do not feel good about contributing to a $ pool that might be distributed to a family who has not drawn down its own assets AS I HAVE. (The rental situation aside,) I would like to see that family suck out all their equity before they ask me for money. I would like to see them live as modestly as the other families who receive FA before they take money out of my hand. If they are "upside down" due to dumb financial decisions like no-money-down, ARM iffy mortgages, I would not like to give them my money until they get their financial house in order. [/quote]
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