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Private & Independent Schools
Reply to "FA shouldn't go to people with 1 million dollar houses"
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[quote=Anonymous]Sorry a home can be an asset just like anything else and yes someone with a million dollar home should be paying their own way firefighter or not. Sorry. I guess I'm selfish but this is the equivalent of someone pulling their money out of other assets and putting it completely into their home. Is it okay if I have a 3 million home that I can barely make the mortgage payment? Do I still desire aid? This is the problem with determining there has to be an income and asset cut-off if not it rewards spenders and punishes savers. In this case, just like in college you are usually expected to utilize the equity in your home because it is an asset. Of course this is one of the issues of the housing crisis. If private is worth then people will find a way to afford it. Also I would rather put the aid to the truly needed. Also, what prevents the firefighter the day after the last year of private school aid is awarded from cashing in an enjoying his equity? Whether the fire fighter is trying to or not this is another way to game the system which why it really needs to be changed.[/quote]
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