Reply to Financial aid for net HHI of $150K

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Reply to "Financial aid for net HHI of $150K - $200K?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People who claim familiarity with the finances of "close friends" should have their statements taken with a grain of salt. Unless you are in that family, you have no idea if your friends are lying or withholding vital information. Just like those images of happy couples on FB who end up divorced much to everyone's shock, you really, truly have no idea what goes on behind closed doors. No idea. I've lived in DC for three decades and the city has becoming much, much more flashy. People are in debt up to their eyeballs keeping up with the Jones. [/quote]

This!!! [/quote]

No, you don't know the nitty gritty but many people have public salaries.  It's more likely that you'll under estimate someone's salary than overestimate. 
We have friends who just applied to and received aid for one kid at a Big3.  One fed salary, a second that is easily findable online.  HHI $400K+, home value $2 million+ (I know because they are a neighbor), second home rented out (not sure of price). 
Sure, maybe they have a pile of debt but they also just put an addition on the house to the tune of $400K. 
Who the heck knows.  But they are just one of many families I know that receive "aid" with very, very decent assets.  I know because I'm at this income level.  Most of my friends have household incomes right over $400K.  Quite a few receive "aid."  If a school wants a kid, they will offer up all sorts of aid.  
Again, there is no rule that they can only offer aid to the destitute.  It is a complete and utter fallacy that makes other parents (those who pay full tuition and especially those who donate) feel better. But these schools are accountable to no-one regarding who they give aid to. 
Aid decisions are kept within a very, very small group of people and they're kept confidential (as they should be). [/quote]

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