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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]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] Financial aid is both charity, funded by donations, and a tool that is distributed to help enrollment management. The admissions office wants the admitted kids and if the parents are in need, they use it to reduce the financial barrier.[/quote] If you stop thinking of it as charity, you will be much happier. I promise you the school is not in the business of charity. You shouldn't think of your donations as charity, they are payments toward an environment you want. That can mean many things - some donors end up with board seats, or admissionfor their difficult kid - but it mostly means a smarter and more diverse student body. If you don't want what your donations are buying, that's a mismatch between you and the school.[/quote]
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