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Private & Independent Schools
Reply to "Would we qualify for financial AID?"
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[quote=Anonymous]You will likely get FA but the amount can vary widely depending on school and I personally have no experience with Potomac. I will tell you our experience because perhaps it will be helpful. We had a similar HHI when DS applied 2 years ago for middle school. One school offered a token amount ($1500) and the other 25%. We absolutely couldn't swing school one with the limited FA, but it was our first choice school. When we turned it down with explanation, the admissions office said they would see if they could get us a larger award.. We declined because there was such a huge gap and we worried about future years.. We went with the school with the larger award and it has turned out to be perfect for DS. Things have a way of working out. However, when our income went up a bit last year, our FA was cut in half. Of course, the tuition had gone up and we paid taxes on the increased income so it meant a few thousand more out of pocket. Now we are applying again and expect to have our FA cut based on last year. Fortunately, it will be our final year as the school ends in 8th. We are grateful for any help we receive and know the school owes us nothing, but if we lose aid, it will be a huge hardship. We don't want to pull DS out with one year left so we will raid our savings. In our case public school is not currently a viable option for DS. He had an IEP and we couldn't come to an agreement with the school system so DS's needs are better met at his private. It will be public for HS though. Are you expecting your income to rise significantly in the next few years? Each year the tuition will go up and while schools try to maintain FA, it's not a guarantee. [/quote]
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