Reply to People with $1.2M+ homes and getting significant financial aid

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Financial aid is not supposed to be for average white kids living in 20816/20815 whose parents haven’t saved any money and don’t make enough to pay for the private school education they WANT for their kids[/b] and all the other stuff they want for their kids and themselves. Private school is not a right. So when I hear of family with kids on aid at multiple schools going to Nantucket for 2 weeks, I get frustrated. Because I would also like to go to Nantucket for 2 weeks but I cant afford it - because I’m paying for my own kids tuition and some of these people’s kids’ tuitions too. [/quote]

Well, the schools disagree with you. You keep asserting that financial aid is for very low income students, but schools routinely choose not to provide the full rides that those students would need in order to attend. Instead schools provide a few thousand per student, bringing the tuition down only to what regular UMC families can afford.

You need to stop thinking about FA as charity, and realize it's more like a Macy's coupon. Some people pay full price at Macy's because they didn't sign up or are buying something that doesn't qualify, but the majority of purchases are made for less than full price (and yes this affects where they set the full price). This is done to get people in the door and keep the sales volume up. Schools have similar incentives. [/quote]

The difference with a Macy's coupon is that EVERYONE can easily access them and it's very much a cultural norm that everyone uses them regardless if full price is affordable or not. FA is definitely NOT like a Macy's coupon. Not everyone qualifies to have it and not everyone should qualify to have it. FA should be for families who NEED it because they do not have the assets and income to pay full price tuition. To assume that private schools need "coupons" to get people in the door is absurd. Last time I checked the majority of the most desirable privates in the DMV were not struggling to get people in the door so FA definitely was not some kind of enrollment hook. When I was growing up I got to go to a really nice private school in the Northeast and it was only doable for my family because we qualified for generous FA. Actually, I AM proud I can now afford to send my kid to a school and pay full tuition. I wouldn't dream of applying for FA because I know there are families like mine was growing up who ACTUALLY NEED IT. I'm happy to drive an older car and live in a relatively modest house and still pay my fair share - not because I'm too proud to ask for FA but because I fundamentally do not need to ask for it. It is not right that there are people who are gaming the system and taking away resources from people who need it. [/quote]

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