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Private & Independent Schools
Reply to "What HHI for financial aid?"
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[quote=Anonymous][quote=Anonymous]Would a family with 2 children in private school with a HHI of $300k get any FA? [/quote] Well, have you done the math? $300k is about $160-$175k after taxes. A $5k/month escrow payment is typical here. Utilities are expensive here and gas/elec/water can be $800-$1k a month. People on the like to drive while talking on their cell phones and cut people off and slam on the brakes, so car insurance with two teenagers is about $1k a month. Need me to go on? I’m glad this discussion shifted to people with range rovers, country club memberships and second homes that take international vacations (the fa apps ask those questions), because that’s a different issue than the dual income dmv family making $300k pre tax that is trying to give their kids something better than an overcrowded md public high school. [/quote]
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