Reply to How.do you afford private school? Any suggestions?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I could understand giving aid to someone who had a really high hhi that had some catastrophic situation happen to them one year that depleted their savings and it was an ongoing issue, like their house burnt down, supporting older parents, spouse needed organ transplant, and an older step child got into legal trouble. This actually happened at our school to a family at our school a few years ago! So I can understand how someone needing temporary assistance one year or 2. However, schools should have a cut off and firmly state that aid applications will not be accepted from families earning more than $500k. I actually saw a small private school have on its site that it doesn't offer aid to anyone with hhi over $150k. [/quote]

We have HHI of 600k and get 10% aid at Big 3 with 2dc.  SAH. But a chunk of DH's income goes into retirement account automatically. When you account for that and loans, under 500k. Lots of diff situations where aid is appropriate. [/quote]

I don't want to contribute to tuition assistance for that either!

This thread is really making me rethink my TA support.  Do you think all the people helpfully providing you with your assistance shouldn't also have a bang-up retirement?[/quote]

DH is required to put a big chunk of his income in a retirement account.  You cannot access that money before retirement- there are very strict rules.  I dont think its fair to penalize us for saving for retirement, esp when DH has no option. [/quote]

"Fair" under what system?!  No one is 'penalized' for saving for retirement; it's something everyone has to address.

The bottom line is you and others seem to think that financial aid is some carefully designed program coming from some far away, government black box.  But it's your friends who donate this money so the schools can have economic diversity -- like true middle class!

I'm just appalled that someone like you even considers appyling for aid.  Scary.  I hope it's not our school.[/quote]

What are we supposed to do? Is DH supposed to just quit his job? If he did that we would end up getting even more aid and we wouldn't be saving for retirement. You are treating retirement savings as income to us when its not -- we cannot spend it. That's unfair, esp bc we can't change it.  I don't understand why people cannot understand this.     [/quote]

I really want to know what school is giving you FA on your income. This school can't be well managed if it is giving someone aid making you level of income. [/quote]

I think this is a major.major troll. Or they lied like he'll on their application. [/quote]

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