Reply to Do you make $400,000 a year but feel broke?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What "system"? Capitalism? Because you're talking about something that is not regulated or government supported in any way (unlike, say, college, where persons attending public or private school have equal access to federal loan assistance and grants).  [/quote]
It's self-regulated - nobody is suggesting that the government mandate anything.  The debate is how schools should allocate tuition costs amongst students.

Harvard doesn't meet 100% of demonstrated financial need because of any government requirements.  They do it because they've decided it's the right thing to do.[/quote]

The government supports a financial aid system that is available to all and Harvard fills in the gaps. And it does that via endowment, not by charging parents who make $1M more in tuition than parents who make $400K. There is no government financial aid program for primary and high school (it's called "public school") and private schools don't have endowments like Harvard.

And I agree with the other poster that Harvard isn't doing it "because it's the right thing to do." It's so they can get the students they want, and they have their pick. If STA or Sidwell had a billion dollars, they might do the same. [/quote]
There's definitely an expectation at Sidwell and STA that the $1M family is going to pay more through additional contributions.  It's not required, yes, but it's definitely expected and part of the budgeting process.[/quote]

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