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Private & Independent Schools
Reply to "How much do you make and how much FA do you receive? "
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[quote=Anonymous]The sticker price of schools/colleges keeps going up and up partly in order to fund ever-more-generous financial aid. Dual-earner incomes of typical senior faculty employees tend to be in a protected sweet spot for very substantial grant aid, with a sharp drop-off as incomes move up from there. What hasn't been mentioned is that admissions tend not to be fully need blind, so many parents who might get some aid don't apply for it in the hopes of improving admission odds. Then they experience the aggravation of knowing that other families at the school with similar incomes are paying much less. It does seem sad that many posters apparently prefer to have the student body be less qualified and composed of rich kids with a handful of working class kids thrown in, but basically no one in between. Wouldn't such an approach remove many of the most outstanding scholars/athletes/artists/leaders?[/quote]
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