Reply to Keep the Poor Students in Poor Schools

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The problem is fa artificially raises the cost of tuition thus pushing out middle class families. I think that is the anger and I understand that.[/quote]

Do you think the extra $2500 you pay towards FA is the difference between affordable and not affordable? Wake up call, that is highly unlikely.  When parents file for FA there is a formula used to calculate what, if any FA a family should receive. The schools usually reserve middle class pots for teachers and staff children who usually receive *gasp* FINANCIAL AID![/quote]

No one making 250K is getting FA, people.At least not by the rec of the folks at SSS.  No one. Know that the SSS formula factors FA based on reasonable expenses. Do you know what the SSS considers "reasonable housing expenses" in DC ? Hint : it is NOT a $5,000/mos mortgage on a 750K house. The SSS base housing expenses on this standard:  they believe that a two bedroom apartment in DC can be had for $900/mos.They have not revised this number since 1972. I know because I called and asked. That means any housing expense that a DC  FA applicant claims is going to housing, is automatically reduced to $900 with the remainder considered " not living by modest means"and that money is considered "disposable income" that could be used to pay tuition. So, if you are applying for FA and you pay say $2,000/mos for a 2 bedroom apartment for you and your DC or even if you pay $1,500 and drive in from Herdon every day, that $600 above the "modest $900/mos  you are paying in rent is viewed as "living large", and gets turned into $7,200 more that you "can afford " to pay towards tuition that year in the eyes of SSS folks.  They use nation wide housing averages and do not even compare them to the figures HUD uses to calculate their supplemental payment to property owners, which is stored data that they have access to. [/quote]

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