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Reply to "Would you apply to a school that you know you can't afford?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is a high school nearby us that is a GREAT fit for DS and pretty confident that he can get in and will be a strong candidate. But tuition is $57K and we are probably a donut family. $275K in HHI. While we feel we can afford up to $30K for tuition, we really don't think $57K is at all doable for four years of high school. (Not without raiding the college fund or stopping retirement savings both of which seems like a bad direction to move into). Would it be worth going through the admissions process just to see if we can get financial aid? But what if DS becomes very attached to the school and then we do not get financial aid? DS is currently in 8th at a K-8 so we are looking at a variety of options. [/quote] You can afford it on $275k HHI, you just don't want to rearrange spending to account for $57k a year in tuition. You admit you *can* do it if you slow your retirement savings or raid college savings... neither of which you sound willing to do. Just because you don't want to do those things doesn't mean you should qualify to get money that full-pay families donate for true FA families. Now, of course you could apply and submit the FA forms but be prepared to be denied aid if you get in. The crossroads being when your DC is upset that they can't go to this great school they worked so hard to get into that you talked up as the perfect fit (tours, shadow days, interviews, essays, placement tests). OR you make the choice to not save in other areas and fund it. OR you apply only to privates you can afford. No one here would qualify for FA with that HHI (not in DC, another large major metro with expensive private schools).[/quote] There is a very good chance OP will get decent aid despite you thinking it improper [/quote] +1. The PP is just peddling nonsense. [/quote] I would love OP to come back here in March and let us know if 1. their DC got in 2. they were offered aid 3. even if they were, was it enough to make a huge difference in them being able to accept admission (believe they said they could afford a $30k school so they're looking for $20-$30k in FA annually for a $57k a year school).[/quote]
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