Reply to How much do you make and how much FA do you receive?

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[quote=Anonymous][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]

I'm a "full pay" parent.  I think FA is great, and I want my kids to be in school with people of all different backgrounds.  It seems very unfair if the level of FA families get is dependent upon their willingness to work the system and maybe get more than they really need, so they can keep going on vacations and other things.  It would be better if the school published some sort of guideline - Income of X, Assets of Y gets your Z% off the bill.  You might not agree with where they draw the line, but everyone would know where they stand.  Realistically, those guidelines already exist.  They would then need to lay out acceptances so that they got enough tuition coming in - but I'm guessing they do that already too.  The whole process would be better with more transparency.

On your comment on need blind admissions - I don't think there is a single NW DC private that has enough of an endowment that they can do truly need blind admissions.  I think its more of a spreadsheet that says we need certain percentages of full pay and range of partial pays to make the budget work.  Only universities with the very largest of endowments can go to fully need blind admissions.  [/quote]

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