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[quote=Anonymous][quote=Anonymous]We have an HHI of about $120K for a family of four. We live very frugally: old cars, cheap vacations with relatives, no dining out, no iphones, buying clothing at thrift shops and Target. Our house is worth about $500K, and we have no mortgage. Plus we have some inherited stocks worth about $350K. We worked very hard to pay off our mortgage, and we never touch the stocks because they are for our retirement.

In the DC area, we are basically lower middle class or working class based on our income.

We applied for financial aid at a several schools and were turned down. They said we are not eligible because of the value of our house and our savings. I am not saying we are poor, but our modest house and our stocks are our nest egg. We are not in fields that are lucrative, so we need to hang onto some savings for when we retire.

It seems crazy to me that we are not eligible for at least some financial aid. There are families receiving financial aid at the school we want to send our DD to that drive Mercedes or BMWs (leased), live in huge houses (rented or mortgaged to the hilt), wear nice clothes from Nieman Marcus, own expensive computers, ipads, go on expensive vacations. We feel that as prudent, frugal savers, we are being penalized. If we spent like crazy, borrowed money to buy everything, we could live like that too AND we'd be eligible for financial aid.

Are there any schools in the DC area that would give us at least some help? Do any have a slightly more generous financial aid policy? Our school district is not very good, so we'll have to move if we don't send DD to a private school. [/quote]OP, see what you started.  Didn't you even realize that your post would bring out all the holier-than thou's?[/quote]

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