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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would like to think my full pay tuition isn't financing wealthy families. But I know at least one that seems well off, has more than one property, a two kids in private and is getting financial aid, though I don't know how much.

It's a little disheartening to those of us who worked hard to pay off our mortgage early, drive older cars, don't take expensive vacations, and live within our means to be penalized for being frugal. [/quote]

How do you know they get aid? I have no idea who gets aid at our school[/quote]

They admitted it, though did not disclose the amount. It was the, "just make sure you list all your expenses, like your mortgages [plural]" that got me. Like, if you have multiple properties maybe you don't need financial aid? And because I see them frequently, I know the cars are nice and vacations are taken regularly.

But whatever. Obviously I'm not their accountant and it's not on me to police their applications. It just rankles.[/quote]

What about multiple properties? We own a second home in DC that we rent. The rent covers the 3.5k mortgage plus 2.5k to help pay for our house mortgage. If we sold the house, we would probably profit 100-150k and lose the 2.5k/month.

We are not rich, but have not needed aid so far. When our third gets to private school, we might..

How would the second home/rental property affect our chances? Would the school expect us to sell it? If we do, within 5 years we will need much more aid because we would be giving up the extra 30k per year in rental income.[/quote]

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