Reply to FA shouldn't go to people with 1 million dollar houses

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[quote=Anonymous][quote=Anonymous]I guess I am saying that people are arguing from very different perspectives and based on vastly different assumptions of what things are necessities in life. [/quote]

You are so right!  I've lived at all sorts of income levels -- from below the poverty line (but not welfare dependent or hungry) to affluent (but not wealthy enough that the next generation can live at the same level without having good jobs of their own) -- and it's interesting to see what people think they are entitled to and how they talk about "choice" without recognizing how radically different the available options are at different income levels.  And, so often, their comparisons are to people at similar income levels and all they see is what someone else has that they lack.  So my law partners or neighbors all send their kids to private school -- I deserve that too, even though I can't afford it because I have medical expenses or bought my house at the peak of the market.  They don't compare themselves to people who have less -- e.g. this kid will be going to a terrible public school if she can't get into private and my kid would be going to a decent public school.  And the adults in her family are already living frugally and working multiple jobs.

In the end, though, I wonder about the economics.  How much FA goes toward discounting tuition enough to find more buyers for private school?  If $30,000 of FA goes to five high income families who, together, pay the equivalent of four full tuitions is the $30,000 better spent from the school's financial perspective than if the school were to give the whole $30,000 to one kid?  In each case the school has spent the same amount, but in one case it generated significant income and in another it generated no income.  [/quote]

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