Reply to Finacial aid at 350K HHI with high mortgages and nanny

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As a family on the receiving end of FA at a private NOVA school,  I can honestly say that OPs situation and question is not as ridiculous as it sounds and yes, there are people like their family receiving aid.

So to the OP, go ahead, fill out the app, submit it and see what happens. No one will laugh at you and no one will say anything to you publicly.

They might not provide anything on the first go around but instead tell you to wait until after their commitment date for when they will find out if anymore aid is freed up.

[/quote]

As a donor I would not continue to donate if I found out a family in this income bracket was receiving financial aid.[/quote]

Straight from the web site of a private "household incomes ranging from $25,000 to more than $200,000 have been eligible for aid"  so who cares to donate?
[/quote]

I can imagine circumstances in which a family over $200,000 would and should get financial aid.

My father made good money, probably the 1980's equivalent of $200,000.   The 3 of us went to Sidwell, and then on to the colleges of our choice, full pay, no financial aid, and though my parents definitely tightened the belt to make it happen we certainly weren't suffering.

When I was a Junior in college, both my father and my sister came down with major, life threatening illnesses.  My father's fortunately, was covered by insurance, but my sister's wasn't and her medical care that year was astronomically expensive.  In addition, both ended up being treated by specialists far from home in different directions, and my mother spent a lot of money flying back and forth between the two.  She needed to quit her job to do so, and while it wasn't the primary income, it was still a cut.

That year, my parents had 2 kids in colleges that today would be over $50,000 each.  For the first time ever, qw applied for aid, and both schools knocked about 50% off the bill.  Some of it was loans, and work study, and some was grant money.

I can imagine similar circumstances, with a sick child, or other true financial emergencies where aid for a family with a $200,000 income or even more would make sense.  But that would be for expenses like bone marrow transplants, like expenses like a bigger house.[/quote]

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