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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]LOL!!! I could, but how does that benefit me – besides having money in the bank earning next to nothing for tuition. First PP would want me to take out more debt on my house and now you would want me to sell my house for whatever I can get, take a huge capital gains hit and pay cash for a new one (thereby losing all tax benefits that come with mortgage interest). All this while keeping in mind that the house I originally bought was $300K – which was a reasonable amount that I could afford. Why don’t you just stop contributing to the FA fund? That would be a lot easier than trying to tell people how to manage their own finances. Like I said before, I put 2 kids through private school without a dime of FA, made sacrifices to do it and I even contributed in fund raising drives every year. But I would never support a system that [b]required[/b] someone to sell or refinance their house to attend DC’s school. [/quote]
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