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Private & Independent Schools
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]We have a HHI of $300k and pay full private tuition for 2 kids. I would be embarrassed to ask for FA when we can pay the full amount by both working full time, driving older cars, taking cheap vacations, and living in a smaller home with a reasonable mortgage. I can't believe that some of my donations might be going to a family with twice our annual income.[/quote] So glad you are embarrassed to apply. Leaves more in the pot for the rest of us. LOL[/quote] NP here. Do you have no sense of shame? [/quote] Absolutely. I would be ashamed if I were dancing on the pole at night to pay for private school or only marrying a rich man to finance my lavish lifestyle. Applying for and accepting financial aid? Nope, not an ounce of shame! I'm also not ashamed when I use a coupon to offset the cost of merchandise that I can afford to pay full price for. Why in the heck would I be ashamed of accepting financial aid to pay for a school I can't afford to pay full price to? You all act as if those of us in financial aid actually have the money stuffed under our mattress but refuse to spend it. Or is the real issue that we don't feel undeserving? That's your problem if you look in the mirror and say my kids don't deserve this because I didn't choose a job that pays me enough to drop $30K a year on school. Your problem, not mine. My kids are deserving for of me doing whatever it takes to make it happen including applying for and Accepting financial aid.[/quote] I think the point they were making is that you at $250k are taking money from other parents who make less and nonetheless manage to find the tuition money. It's like starting a GoFundMe and asking your neighbors and friends to pay for your child's education, when they don't make any more than you.[/quote] The point is incorrect. If they make less than we do and can afford to full pay then they obviously have discretionary income that I do not. The HHI is irrelevant. The real question should be after you pay all of your mandatory bills how much do you have left over at the end of the month. I have substantially less discretionary income than people who make a lot less than me. [/quote] +1000 Even people with high HHIs have high mandatory bills and obligations so that after they pay things like mandatory 401(k), student loans, mortgages, car payments, cleaner, etc., there is not that much left. We also pay my mother's mortgage after my father past away- that takes away from what is reasonably available. [/quote]
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