Reply to How much do you make and how much FA do you receive?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are a family of four and make about $200,000 but we also support my aging mother. Any chance of any FA? [/quote]

As others have commented, it depends on your total financial picture. We are a family of 4 with HHI of 220k and we are in our second year of receiving $10K in aid. Both of us have student loans in addition to helping my mother out each month with her rent. [/quote]

In other words, school parents paying full freight are subsidizing your mother. Fascinating.[/quote]

FYI: The financial aid application asks if families are supporting elderly parents. Its up to the school to give us aid based on our financial situation, not you and if you feel the school is not a good steward of your money, then send your kid elsewhere and be sure to ask at the open house how they distribute aid so that you are comfortable that no one is getting subsidized, but I suspect you won't have the balls to make such comments in public. [b]I don't view it as subsidizing my mother at all[/b], we presented our financial picture, they determined we can pay $50k out of pocket and we do. [/quote]

OK. You don't see it that way. I do see it that way. Facts speak for themselves, like it or not. [/quote]

I agree with you (new poster here).  Having loans and having an elderly parent to support may mean you can't afford private.  I agree that it's up to the school to decide, but I would not want to pay full freight because others are supporting parents or didn't aggressively pay down loans (as others may have to get to their current ability to pay full).  [b]Private is a luxury, plain and simple[/b].  Not everyone can afford luxuries (and we don't go private, by choice, but that's another conversation).  [/quote]

NO, IT IS NOT. SOME KIDS CANNOT MAKE IT THROUGH THE PUBLIC SCHOOLS - THE "FACTORY MODEL" OF EDUCATION. THEY GET LOST, OVERLOOKED, DEPRESSED, BORED, YOU NAME IT....THIS IS WHY PEOPLE ARE SO DESPERATE TO GET INTO GOOD PRIVATES. THANK GOD FOR FINANCIAL AID AND FOR THE SPIRIT OF GIVING, COMMUNITY AND GENORISITY THAT IS VALUED AT MOST INDEPENDENT SCHOOLS (APPARENTLY NOT YOURS, IT'S IN THE MINORITY).  [/quote]

If you cannot afford 40K, you go to a 10K school like the rest of us.  If you kid is bored, you supplement at home.  You deal with it or you get another job to pay for it.  The only kids who truly may need it are SN kids and financial aide is rarely available to them.      I would love to send my kid to a 40+ a year SN school but we can't so we are at a small private, who is great, but doesn't fully get my child's needs.[/quote]

The poster said they can afford to pay 50k, which is nothing to sneeze at and I pay full fare, but I can comfortably afford it so it's no skin off my back if someone's getting a discount of 10%. If there are people out there making less than $300k, I say all of you should apply for aid, just do it cause in my mind no one under HHI of $300k should be paying full fare. A while ago I saw on a new england boarding school admissions page that families making up to and even over $250,000 should apply for aid as their average award was 38%. Look, there's far fewer people like me at the school, but theres tons of people who make under 300 in this area and with a little discount/help whatever you want to call it, they too can attend the school. I'd rather have more of them because they tend to be more enthusiastic and volunteer a hell of a lot more than some of the small business owners, lawyers, or doctors who can't donate time but do donate money. Every school needs a good mix of donors and volunteers so if it takes 10k and 5 k there to get people to attend, why not? [/quote]

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