Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Private & Independent Schools
Reply to "What kind of income receives financial aid?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]We make 110,000 and recieve aid.[/quote] This is so interesting ... particularly the follow-up note that this poster receives aid equivalent to 60 percent or so of tuition. I make $110K as a single parent ... I just submitted my parental financial statement and the SSS calculates that I can pay roughly 90 percent of tuition at the more expensive schools. Perhaps its my home equity -- I bought my two-bedroom rowhouse in the late 90s -- but given that we're already in a small two-bedroom, downsizing to pull out equity doesn't hold much appeal (or feasibility). Or could it be my retirement savings? Anyway, if my child gets in to any of the schools she's applying to, it will be interesting to see if we get aid at all, much less aid on the scale of this poster.[/quote] If they calculated that you should get 10% aid you are in good shape as when I applied w/ about 120K they said I could pay full as a single parent.Don't sweat it :the SSS people never think anyone deserves aid( well maybe if you have 3 kids and make 45K) , but the schools know that SSS hasn't adjusted their housing costs for inflation since 1972 and that their assessment of your "living modestly" is based as if you lived in Iowa, or maybe North Dakota and adjust their aid awards accordingly. Problem is if you are single because you are divorced and dear ex-DH didn't die in debt and in-testate they will want to see his income and expect him to pay, I believe above and beyond child support. Also if you remarry step -Dad's income counts towards ability to pay. If you 110K is IT total and your child is accepted at a school that is well endowed you should get something. And great that you have home equity to draw on if you come up short . You are better off than many. Good luck[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics