Reply to Would we qualify for financial AID?

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[quote=Anonymous][quote=Anonymous]PP here, when you fill out the forms for FA, it is like a financial X-ray. You have to list the purchase price of your home, how much you have left to pay, your investments, the make and model of your cars, if you went on vacation, where you went ad how much you spent, [b]if you have any employees in your household (butler, nanny, gardener, etc),[/b] if you have any debts and there is a space for notes (i.e., you have an elderly parent, child with special needs, a spouse that just lost their job, etc). I don't know which elements of the application carry more weight. If you have a lot of credit card debt, you may want to explain, "I lost my job and used my credit cards to keep from defaulting on our mortgage." If you have debt because you are a shop-aholic, they aren't going to help you. The schools are looking at the whole picture. When we were offered aid, I specifically asked: assuming our finances don't change drastically from year to year, can we expect to receive the same amount of money? They said yes, they assumed they were making a commitment until our child graduated.[/quote]

I would sincerely hope that any family receiving financial aid at any school in this area does not employ a household staff of a butler, nanny or gardener.

Signed,

A parent who works hard to pay full freight for two kids and gets tired of the "please donate to financial aid" pitches[/quote]

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