Reply to What kind of income receives financial aid?

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Reply to "What kind of income receives financial aid?"

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[quote=Anonymous]Choosing to downsize to a smaller home would enable you to access home equity.  I'm not saying that I would necessarily choose to do that myself.  However, by buying a more expensive home (which in this area and at this time does not necessarily mean a mansion!) and then applying for financial aid ... you are asking other families help you pay for private tuition (a discretionary item) so that you can continue to live in the manner you have become accustomed.  The financial aid is not from some government grant ... it is donated by families of similar economic condition to your own.  I certainly sympathize with your situation ... too wealthy for aid but not too wealthy!  We have our DC in private school with a household income of $115k, and it's the same situation.  Personnally, I would feel uncomfortable asking someone else to help pay for my child's tuition.  It is a bit prideful, I guess, but I would much prefer to manage it on my own or would send DC to public school.[/quote]

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