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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][quote=Anonymous][quote=Anonymous]You have no idea if the school could even enroll more full pay students, and too high a concentration of full pay students may make the school less elite and selective. [b]If you want an elite school, you have to fill it with elite students, and there are only so many rich ones to go around. [/b]Plus the rich ones don’t want to go to school with exclusively rich kids. There are a lot of good reasons to want a diverse student body but if you want a crass one, which seems to be the OP’s vibe, you can’t sell a story of merit based, selective admissions in a K12 if you only admit full pay students. [/quote] Yes. Many of the aid families have the exceptional kids who are subsidized by the wealthy kids in the middle of the pack. I have one of them and we know most of the others. [/quote] NP here. I am happy to have super smart kids receive financial aid. I am less happy for the family with 4 kids with a huge house and a much nicer car than mine receive aid.[/quote] These threads always come down to house envy :roll: Look, the school sees a benefit in enticing that family to attend. There are many possible reasons but a big one is probably that 4 partial tuitions is more than your 1 or 2 full tuitions. The school is a business. FA is how it attracts and keeps the students it wants. If you don't feel wanted, maybe look elsewhere, but don't pretend FA is some kind of scam being run by people you think look richer than you.[/quote] The scam part of it is when the school uses how generous it is with financial aid to market itself, knowing that at least some people are naive enough to think the financial aid is going to provide opportunities for less privileged kids. When it became clear to me that this wasn’t really the case, I stopped writing all checks except tuition.[/quote] I assume you are a troll, but how is the school's marketing itself harmful to you? Doesn't it help you if your school is appealing to academically strong kids who may need a bit of aid? Or are you saying the school should focus on admitting only wealthy family kids even if some are academically mediocre? [/quote] When the school’s website boasts of the millions of dollars in aid it gives out, I foolishly assumed there would be children that aren’t from wealthy families. Turns out there aren’t very many of those, and then I learn that some? most? of the financial aid goes to wealthy families. So I stopped giving to the annual fund and felt bad that the checks I had already written could have gone to better causes.[/quote]
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