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Money and Finances
Reply to "Families of five, making under 150k, share your budget"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] you aren't living within your means if you are getting financial aid. Donations are paying for your education. People who don't qualify for Financial aid are paying for your education. [/quote] At college, usually income from an endowment pays for financial aid. The money for the endowment came from donations to the school. It isn't coming from current tuition payments.[/quote] Also when colleges solicit donations from alumni they usually highlight financial aid in their appeal, frequently including letters from current students who describe how much they have benefited from financial aid [/quote] I worked in admissions and financial aid at a top law school for many years. Every time tuition was increased, about 30% of the increase went toward more financial aid. So yes, current students are in fact paying for other current students.[/quote]
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