Reply to ok, don't crucify me.. question about financial aid.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]http://money.cnn.com/2012/05/09/pf/private-school-financial-aid/

"And while household income, net worth and disposable income still play a role in determining aid eligibility, schools are increasingly looking at a family's ability to pay a portion of the cost themselves.
"The more you can pay, the better your chances are of being funded," Long said. "We're still looking for socio-economic diversity but our budget can absorb far fewer of those families that can only pay $500 to $1,000 a year. Those making between $150,000 and $350,000 a year who can pay at least 50% of the bill have become ideal candidates for aid."[/quote]

We are  n that bracket and would never get aid because of the equity we have in our business which we can't access which isn't that much but it's probably too much to get aid. If what this says is true that I'm not contributing any more to the annual fund because I'm not going to subsidize what I deem to be a very luxurious lifestyle (belonging to a $90,000 club plus not working) while I'm busting my butt to pay full tuition. You can defend it all you want but it is very very wrong and not fair.[/quote]

Realistically, those who fall in that country club and getting FA groups are going to be a very very small percentage. [/quote]

This. I'm not convinced they exist at all. DC's school tacks on "income you could be earning" to income you actually earned for purposes of the FA assessment if both parents don't work full-time, so it would be hard to see many people qualifying in a scenario where they also had enough discretionary income to be paying for a country club membership with only one parent working.

The exception might be family money (i.e., they're not the ones paying for the country club). And our school waives the work requirement for families with a child under school age, so possibly a family that, say, had one $100K income and one parent staying home with a baby might qualify and still be able to swing club dues if there's child care there (or local family to care for the baby while mom plays tennis). Maybe they bought the membership pre-kids back when mom was in Big Law or whatever, and now the cost to maintain it is relatively low.

But really, we're talking about a ridiculously small minority of FA applicant families who might have the specific confluence of circumstances to make this possible. It's really not worthy of an entire thread.[/quote]

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