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Private & Independent Schools
Reply to "FA shouldn't go to people with 1 million dollar houses"
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[quote=Anonymous]OP here. As difficult as it may be for some of you to believe, I actually DO know the financial situation of the family which inspired this post. Income about $270K. Equity in house approximately $700K at time of purchase. Even draining the equity to pay for school leaves quite a bit. Two kids in school. This family is very vocal about receiving financial aid, constantly pointing it out, as if they are contributing to the diversity of the school. Well, I make less (a lot), I have less equity in my house (a lot), and I have the same number of kids in the same school. And somehow I am doing it. I don't send my kids to $4000 a summer camps, I don't take trips to the Caribbean, I don't have a fancy SUV and I don't live in a prime zip code in a 5 bedroom house. I did not start this post to question exactly how needy financial aid families are. I don't expect these kids to live in a hovel. However, I do look at this particular family and think, something is seriously wrong here. This family is riding a system and patting themselves on the back that they are one of the 'poor' families. They are not. They are just one of the families abusing a system designed to benefit children of need.[/quote]
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