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Private & Independent Schools
Reply to "Irrevocable Trusts impact on FA?"
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[quote=Anonymous][quote=Anonymous]The private schools are 100k+ for a year of tuition for both. The Fund totals about $1M currently for each kid. Obviously want to grow and keep for for them till they reach age 25 to take. At $100k a year for 6 more years and 4 more years each not incl college, that just seems a ton of spend! Our FA provides for 40% right now of the tuition total. The Trust fund people seem to feel that we can keep FA and supplement a bit more via fund if we wanted to help our finances. I wasn't sure if FA negates our opportunity to do that in total?[/quote] We are a full pay family of two that sacrifice significantly to afford private school. We also contribute to the school so that funding is available to families who need it. As a barely able to afford it full pay family I am appalled at your attempt to hide the money so we and other families can pay for you when there are others who really need the money and for your kids to walk out with $1 million each at others expense. Shame on you.[/quote]
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