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Reply to "Is your school “too generous”"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Fun Fact: The only way the Financial Aid budget actually costs the school any money is if they reject a full-pay kid in favor of a kid who receives Financial Aid. Then there is lost revenue. But then you also have a school full of unqualified rich kids. Otherwise, Financial Aid doesn't actually cost the school any money - a teacher gets paid the same amount whether she is teaching a class full of 9 Full Pay students and 0 Financial Aid students or 9 Full Pay students and 6 students who are paying half-tuition (who bring in the equivalent of 3 full-pay tuitions)[/quote] what?[/quote] Why do airlines sell some tickets for a lower price than others? Because they want to generate revenue from every available seat. Same goes for private school financial aid. Very few students receive 100% financial aid. The others are actually providing revenue to the school, even if they are only paying $30,000 instead of the full $60,000 sticker price. [/quote] You assume the seats would otherwise be unsold. Good schools turn away qualified full pay students all the time. Not the same at all.[/quote] Some do, but others need the lower price point to fill all of the seats. We don't know which type OP's child attends. [/quote]
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