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Private & Independent Schools
Reply to "financial aid at our Big3 is a farce"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know of a similar story. People moved money around, spent their cash savings on a Mercedes just before the FA application was due. Got 50%. Do not need it.[/quote] You can afford 50% of SSFS at $160k[/quote] Gosh, we make less than that and I would have LOVED to pay only 50%. They gave us $5,000 and it was not guaranteed for four years. Since a middle school had pulled that trick of giving money the first year and not the second, I decided not to risk it—plus it wasn’t enough money. If I can afford 35k, then what’s another 5k? [/quote] at 160k, you're looking at 100k after taxes another 35k and you're down to 65k for everything else (and you say you make less). There is no way you are saving for retirement and saving for college (they won't care that you've waisted 35k a year on private) let alone paying the other expenses that come with enjoying life. [/quote]
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