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Private & Independent Schools
Reply to "Are people secretive about their FA status at your private school?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm the 375k poster. There are financial issues. DH is non equity partner at Big Law. I'm SAH with 1year old. We both have big debt from undergrad and law school and bigger mortgage than we should - I am former associate at Big Law and we got house when out HHI was $500-$525. [/quote] I'm not blaming you, I blame the warped philosophy of an admissions/FA staff who thinks that your family is more deserving of aid than the "literally" thousands and thousands of families who make less than $80k a year and would love to offer their child the opportunities afforded to your child. Your kid would probably be fine in any school, those kids....they desperately need an opportunity, any opportunity. Your law school debt that you aren't even using somehow makes you a good candidate For aid is truly laughable. [/quote] I'm not using the law degree now bc I made a decision to stay home with my children and we can live off DH's income. I don't think I deserved to be judged for those life decisions. And it's only 10%[/quote] I'm not judging your decision to SAH. I'm judging your decision to ask for money from other people for a luxury item for your child (private school) so that you can have another luxury item for your family (not working when you could be earning at least $250K if you went back to work.) You can't live off DH's income if you can't afford what you want to buy without asking other families to pay your way. What school would award $$ in this situation? Don't they take into account the earning potential of the stay at home spouse?[/quote] Reality is that most lawyers do not make $250k, especially if they took time off to stay at home. I was big law and took 2 years off after having twins. My last year at big law, I made $160k. Now I'm back in the workforce mainly to afford private school and I'm damn lucky to be making $115k in house. [/quote]
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