$265,000, received 0 financial aid

We made $250,000 and had $1 M NW, and schools told us to pay full freight for 2 kids.

My DC attended one of the big 3 schools, graduated in 2024, and received 95% financial aid. Our HHI is 750K, no mortgage on a 2.5M home in McLean. DC was a D1 recruit.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:350k got offered 0 aid.

I know two govt employees (yes still working) with a kid at a Big3 and they said they get like $20k.

My guess is they make maybe $300k combined.

Only one income and a Sahm. Sahm counts against us. Not sure by how much.

Why should you get aid if one able adult in your family chooses not to work. So not fair to dual income parents paying full price.

Anonymous wrote:In dc my understanding is that half or more of expensive private school kids are being paid for by grandparents.

This is exaggerated so parents won’t feel bad that they can’t afford it. It’s not a necessity, no reason to worry.

Anonymous wrote:In dc my understanding is that half or more of expensive private school kids are being paid for by grandparents.

Yep.

Anonymous wrote:

Anonymous wrote:350k got offered 0 aid.

I know two govt employees (yes still working) with a kid at a Big3 and they said they get like $20k.

My guess is they make maybe $300k combined.

Only one income and a Sahm. Sahm counts against us. Not sure by how much.

Anonymous wrote:In dc my understanding is that half or more of expensive private school kids are being paid for by grandparents.

Same in NY

Anonymous wrote:The NYT recently had an article about households with incomes as high as 850k qualifying for aid at NYC private schools. I think it’s going to vary widely from school to school.

https://www.nytimes.com/2024/12/03/nyregion/nyc-private-school-tuition.html

For a $65K/yr tuition, discount "aid" until about $300K in income (pretax, I presume) per child simultaneously enrolled.

Seems reasonable considering how the tax burden brings down the takehome pay.

Anonymous wrote:350k got offered 0 aid.

I know two govt employees (yes still working) with a kid at a Big3 and they said they get like $20k.

My guess is they make maybe $300k combined.

The NYT recently had an article about households with incomes as high as 850k qualifying for aid at NYC private schools. I think it’s going to vary widely from school to school.

Anonymous wrote:In dc my understanding is that half or more of expensive private school kids are being paid for by grandparents.

+1 spot on, not just dc.

In dc my understanding is that half or more of expensive private school kids are being paid for by grandparents.

350k got offered 0 aid.

At a private school that charges $50K/year for HS tuition, what is the average HHI?
What is the threshold HHI for financial aid?