Reply to People with $1.2M+ homes and getting significant financial aid

Forum Index » Private & Independent Schools

Reply to "People with $1.2M+ homes and getting significant financial aid"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]^ but is low income [/quote]

If you own your own business you can take $10.00 per year as income and that would give you low income which is why their assets MUST be accounted for. All assets, savings, 401K, etc...

Why should someone with low income but a lot of money saved for retirement get a free pass? You do realize that those paying full tuition would ALSO like to contribute to their retirement???????? That is the issue. It must be done by assets, including all savings, retirements, and stocks, etc....

I know multi millionaires that get $0 income. They do not take income off of their business. [/quote]

FWIW, We own our own business and just finished applying for aid for next year. We had to provide all the business' tax returns on top of our own to show the relationship between DH's non-salary and the assets of the business. In our case, DH takes home very little money because we own a small business, not because he's deliberately trying not to take a salary. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics