Reply to What HHI for financial aid?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just under $300k when we applied to well reputed (non-religious) privates for 6th grade.  Tuition was in the 50s on average.  We got a few paltry offers of $10k but mostly nothing.  The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.

We stayed in public. [/quote]

On that income yuo can afford full pay.  That's crazy you expect that much help.[/quote]

That’s not true. That’s $300k before taxes. See my very basic breakdown above.[/quote]

You are free to feel that way.  But $10k is generally the amount that we donate every year.  If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.  [/quote]

We’re that family.  We live in a small rowhouse in DC.   We have two kids.  After taxes and the mortgage etc., we don’t have a shit ton left.  And we’re saving for college and retirement.  This is DC.  $300k pre-tax for a family of 4 isn’t all that much.  [/quote]

Families with more than two kids maybe shouldn’t be asking for financial aid in the first place.  Having a large family is a choice.  No different from purchasing a $6M house or a $300k vehicle.[/quote]

NP with one kid here. Families with multiple kids are a reliable long-term income stream for the school, even at 60% tuition. Which is why the school CHOOSES to give them FA.

As for "if I knew my donation was going to x, I wouldn't donate" - please, just stop donating. Donations, like tax dollars, inevitably go to things you wouldn't choose. Unlike tax dollars, you can stop donating or choose an earmarked cause like a new classroom wing, so please do that and stop complaining endlessly about who is needy enough for FA.[/quote]

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