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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][quote=Anonymous]Unless people are cheating on the financial aid forms -- they declare their equity in their homes on the forms and then a decision is made as to whether they qualify. , I know we didn't qualify for any aid for private school. Our combined income is less than $200k and we live in a small townhouse that costs us less than $200k. We have only one car. We felt penalized because we lived w/in our means. We got over worrying about what other people did....it doesn't help. For college -- the elite Ivies use a different formula and don't count your home against you. So, we did get a $6000 award to go towards the $52,000 tuition. We're feeling really poor now but we appreciate the $6000.[/quote] In the end, living within your means has to be its own reward. You're not dependent on someone else's largesse and you don't live in a state of perpetual insecurity and worry. But, yeah, it costs and in ways that don't always seem fair.[/quote]
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