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Reply to "financial aid at our Big3 is a farce"
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[quote=Anonymous]OP here. It's definitely sour grapes. I'm not denying that at all. And the income is real. Their salaries are public information and it's W2 income. Anyway, I posted to process. My thoughts: -I now think that everyone who says "this can't or won't happen" is pretty naive. I was pretty naive. These schools are independent. They can give money to whomever they want. I was at an accepted parent event a few years back and all the basketball player parents were talking about their aid and they were all professionals (law firm attornies, etc). I think this didn't bother me because the kids were clearly athletic recruits. This kid I know is not an athletic recruit. It's interesting to me that the kid I'm talking about did not get any aid from Catholic schools. They most likely have more rigid cut-offs. Independent schools can give aid to whoever-the-heck they want. -If you donate, donate knowing that your money may go to someone making a lot of money. -APPLY for aid!! DCUM routinely scoffs at anyone applying for aid who makes more than about $200K. I actually told this family member that I didn't think there was any way they would get aid. Well, they went ahead and applied and they got aid. If you make up to say, $500K. APPLY. If you don't ask, you won't get the aid. It's interesting because I used to think that asking for aid would decrease the chance of admission but this really isn't the case at the top schools that are need blind (as this case demonstrates). They truly are need blind. [/quote]
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