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Reply to "Is your school “too generous”"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Hasn't this system essentially "barbelled" enrollment? A large percentage of very poor, a large percentage of full-pay very rich, and nearly no middle/upper middle class families? I'm not sure it creates a healthy environment for kids when one half knows it's supporting the other half, but what do I know?[/quote] This is why the boarding schools with insane endowments offer tremendous aid to the MC/UMC. They do have a significant number of students whose families truly cannot contribute funds. And more than a few billlionaires’ kids to round things out. They seriously need that middle for the social cohesion. Especially in a situation where the kids all live together. So if you are squeezed for $60k, try Groton/Exeter/Deerfield/St. Paul’s. You will get amazing aid. I imagine this is also true at the very top day schools across the US, but I cannot say with certainty as I have not looked carefully at their numbers. And before someone chimes in that this is not fair… The schools that I named (and their peers) spend between $135k to $150k per student, per year. So a wildly wealthy full pay kid at $80k is still being subsidized by an endowment at about $50k-60k per year. And no one shames them for it. So you can stop banging on about how virtuous people never accept charity. Funds were generously given to these schools to advance their mission. Their Boards are stacked with vision, talent, and financial acumen. The Admissions teams did not come to play. Focus on the school that can best serve your family. If you don’t want to pay $60k, look around. Choice is awesome, if you do your homework. [/quote] Just wanted to clarify, that I am ok paying 60k, but the school gives way more financial than the peers and that decision is clearly visible in the quality of the services. But at the end you are right. I am looking for other options. [/quote]
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