Reply to ok, don't crucify me.. question about financial aid.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am starting to feel like most financial aid is actually a disservice.  It encourages families who cannot truly afford the luxury of private school to spend whatever they can set aside, instead of saving for college, retirement and paying off their mortgage.  Because they have not saved for college, the cycle repeats with these families expecting taxpayers, full pay families and endowments to fund most college expenses.  Undoubtedly, their children will still end up with large student loans AND parents who are unprepared for retirement.  Why should private schools promote this irresponsible path? And guilt trip other parents who don't support it?  We just have a really warped view of needs vs. wants in our society.[/quote]

The private schools are just thinking of their own institution. They want the best mix of super bright kids, athletes, artists and kids from different backgrounds tvatvtvey can get. That gives the school 'meaning' and people thus desire to send their kids to said school. If it was just rich kids academy no one would want to send their kid there. It's all a big balance between getting enough wealthy people to pay full price and even to contribute additionally to the school (to build a new theatre or library, etc) and having a good mix of kids to have a great school.

If you have to worry about whether you're going to raise your paddle or not and where all of your [b]dimes[/b] are going you can't afford the school either.
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