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Reply to "Finacial aid at 350K HHI with high mortgages and nanny"
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[quote=Anonymous][quote=Anonymous]maybe if they got rid of financial aid all together tuition would be more affordable for everyone[/quote] Yes!! My DC's school has three full time staff working in the advancement office plus a part time person who helps with the fall festival and auction. Just the salaries and benefits of these folks represents about half of what the school gets from annual giving and auction. Such a waste! Plus tuition is set so that all full paying families are basically contributing 10 percent towards scholarship. Including staff re missions, the school pays about $1 million a year towards FA. Strip all of that out and the tuition becomes much more affordable for all. Add back just annual giving (which requires one part time staff person plus volunteers) and offer very limited FA to truly needy ... Persons such as OP would not qualify. I'm such a dreamer ...[/quote]
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