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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]If they choose to send four children to expensive private schools and thus can't save any money, that's up to them[/quote]
Agreed, but that applies as well to someone at a lower income level.  If someone makes $50k and has four kids, should they be denied financial aid because they chose to have four kids instead of one?  If they chose not to study hard and that's why they make $50k now (or they want a 40 hour a week job instead of one that requires 60 hours), should they be denied financial aid?

No school takes the position that families on financial aid should be asked to spend every available dollar of disposable income on tuition to the extent of not saving a penny for retirement, so I'm not sure why that would change just because a family has a higher HHI.

Either financial aid should aim to give every family a chance to rationally afford it, or it shouldn't.  If it should, then there's clearly some very outlying and rare circumstances where a $400k HHI would need some level of aid.

In any event, I have to go back to generating my $400k now...  [/quote]

The phrase "rationally afford" is doing a whole lot of work here...[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics