Reply to What is it like to be a family at an elite NWDC Private who can just barely afford it?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Dh is in biglaw but is a senior associate, not a partner. We will most likely be full pay assuming ds gets in, but we will fill out the financial aid paperwork anyway.

My understanding is that full pay families are NOT subsidizing financial aid, but that the actual cost to the school per student is higher than the published tuition cost. It is the donors who donate beyond tuition who are subsidizing everyone else.

I don't get the hate for pp - we are comfortable with our choices so anyone else making different choices just doesn't even hit my radar.  Schools give FA and that's what it is there for.  An attorney choosing to work for DOJ or whatever is a world away from some deadbeat parent working under the table so they don't have to pay child support.  [/quote]

It shocks me that a senior associate in BigLaw would apply for FA.  I hope any school would deny it.  You should be ashamed to apply for FA with that income.  DH and I combined make the same as one senior associate (with both of us working full-time) and we stretch to pay full tuition.  (I used to work in BigLaw and so I know the salaries.)[/quote]

Nope, not ashamed. Sad that even on this salary we will struggle with full freight (40k/per kid) but it is what it is.   We don't live in the DC area - housing would be much less expensive there and housing is what kills us here.  We have old cars, don't take fancy vacations.  We could technically do $40k/yr on just salary but there would be no savings whatsoever.  Would be able to keep the 401k but not fund IRAs.

We live in an area with extreme wealth and if dc were offered FA we would accept it gratefully.  I have heard of others in our situation who were given generous aid packages.  [/quote]

You fund two 401ks? We stopped mine to help with expenses, and yes, we paid full freight. We're apPlying for FA this year due to job loss.

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