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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Didn't a SAHM say herself that her lawyer husband deferred his salary for 10 years or longer or in some kind of IRA account (to reduce tax) and her kids are getting 25% to 50% FA? And they live in a very good NW DC public school area too.

This is not a myth.

And the school give her kids FA in hope that they will donate in the future? Or that they have some cloud and some benefits for the school to have her kids there.

The schools of cause are not stupid. [/quote]

This is different than what has been discussed (i.e., a SAHM who plays tennis at her expensive country club three times a week). The poster who said she was a SAHM with a hubby who deferred his salary never mentioned owning an expensive country club membership or playing tennis three times a week. Is it is that hard to believe she might have actually been at home raising her kids? For what is worth, living in a very good NW DC public school area does not necessarily mean its the right school or environment for every child that lives in that area. Many of us choose private schools for reasons that have nothing to do with whether the public school is good (i.e., small class size, no state testing, religious affiliation, etc.)[/quote]

Also, that poster (who has posted repeatedly) has also said they have multiple kids in the school and get 10% in aid. Our younger child's school gives a 10% tuition discount for siblings without any aid application at all. Their school may well have a similar policy, or may offer aid to families with siblings who apply independent of need as an incentive to keep all of the kids there. What is clear is that if they are actually submitting an application, they are submitting their tax returns, which will show the IRA contributions. It's not like it's hidden, unless they're outright lying to the IRS.[/quote]

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