Reply to FA shouldn't go to people with 1 million dollar houses

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[quote=Anonymous]Great point PP.

Meanwhile I am not going back several pages to find the snarky comment about how we all come here and are probably ladies who do lunch so why did I make fun of someone "zillowing" the FA recipient's house?  Well, coming to this forum is to help navigate the muddled waters of private area schools.  I have learned a lot -- about school's cultures, about how to deal with certain issues, about the application processes, etc.  I am sure we all have or we would not keep coming back.  But using a free service to find out about your "friend's" home value is a little creepy and intrusive.  Why don't you order an investigative report t get her credit rating and other info on her too?  You can do that online too, and only for a nominal fee!

I am joking but where does it end?  We can use the web to find out so much about each other, but we still may not have all the variables and documentation that the FA offices have in making FA decisions.  On another thread, someone with 600k equity in their house and a AGI of 145,000 was refused ANY aid.  It isn't the salary.  It has to be the equity in the house.

No one is arguing that anyone abusing the system isn't wrong.  Double negative but you get the point.  People not disclosing their true wealth are committing fraud and should be denied FA and in fact prosecuted to recover any $ given to them under false premises.  But most people are following the rules.  Some of you think those rules need to be fixed and there should be absolute limits.  But there will always be judgments  -- big families (with big incomes) not being able to pay $140,000 (for 4 kids for example) per year, someone supporting their elderly parents, temporarily unemployed former full pays, single parents, families undergoing high medical bills, etc.

The FA offices take the income and the assets and the expenses.  Make, model, and year of all cars is noted.  Educational debt is treated differently than consumer debt (ie living beyond means and racking up credit card debt).  Alll this forms the basis for the numbers from the SSS, which most schools across the country subscribe to -- and they do it for a reason.  To be able to compare apples to apples, and see what the parental contribution could be. [/quote]

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