Anonymous wrote:Didn't you read? The vitriol is from being bitter over having only one kid in order to afford paying full whack at private, not realizing she could have had more and gotten a quantity discount....

25+25= 50
50-10=40

She pays 40k. You pay 25K. And you're mad?

Didn't you read? The vitriol is from being bitter over having only one kid in order to afford paying full whack at private, not realizing she could have had more and gotten a quantity discount....

Wow, what is the HHI of those on here complaining about giving FA to families making $140,000? I just don't get the vitriol.

A colleague at work told me today he has learned that most of these 30k plus schools give a lot of small financial aid to people with relatively high incomes (like 200k or so) in the same way that universities set the tuition payment so high. And there's the sticker price and the price you actually pay.
It's a way to shape diversity and also fill financial gaps with the full payers.

I was surprised to hear it and based on the few substantive posts above sounds like it may be true. Any thoughts?

I know a family with two college prof parents (private fancy) and they get aid.

Anonymous wrote:No one making over $86K+ per year HHI (2011 medican income for DC metro area) should get financial aid.

No child with an IQ below 120 should be accepted at a school where you have be apply to get in ( assuming competitive)

Dumb kids with rich parents should not have their IQ score "graded on a curve" .

sybersus wrote:I have a 1.5 year old, and we are starting to think about future schooling. I am curious what the HHI cut odd is for private school financial aid. Trying to figure out if it would even be worth checking out further. My DH works for fed gov't and I am at a public interest group, and full tuition is def out of the question. We are in DC by a not very good public school, but charters are an option. Thanks for any help.

HHI below 90K with both parents working FT , provided DC is really bring something to the table. unlikely to divine that at age 4, so usually the school will pass on the kid. As in 99% of the time .

But with two kids enrolled and only a $10K discount, I'm actually paying more than you. And since there's no way it takes every penny of tuition to educate these kids, even on financial aid, I'm probably subsidizing someone else to some degree -- someone who is getting a much larger discount. I don't worry about it. I'm grateful to be able to send my kids to their school, and I trust the administration to make the right call as to who is deserving of admission and financial aid. They have the whole picture. I do not.

Anonymous wrote:

Anonymous wrote:That's it. I'm not donating to my school this year. I'm tired of hearing about FA going to families with HHI of $140,000. That is scandalous.

OP, this topic is a can of worms.

Agree. People HHI of $140,000 should consider donating to charities and help out other less fortunatate children, not sending their kids to private school and expecting FA at the expanse of ther full pay families.

These familes are more likely spending their hours in public service day in and day out. In addition, these families and their children are more likely to be thankful and to be contributors in the future.

You may refuse to contribute but the annual fund finds your H will still write the check.

Meanwhile you go away angry because you (I mean your child) only got into one of "bottom" Ivy's.

Go back to your $24 salad.

The problem is that there may be more like you making six figures and getting aid. I am at the point where I am not going to donate anymore..I am tired of this. I would be more open to FA for families making under 60 and I am not interested in hearing about families who get aid because they have two and more kids. 140 is 140..I shouldn't have to subsidize people..maybe I wanted more kids and didn't because I wanted to pay for private school.

Oh, and the eldest child gets straight As and has off-the-charts test scores, which makes the school look good. He also has special needs that made him non-functional in a large public school class. He's doing great now and I don't for a second feel sorry about accepting aid that makes it possible for him to thrive.

Where is your pride six figure people? I would never hand off my personal financial information to a bunch of low paid, gossipy, busybodies. How gross and invasive. But your greed is more important than your pride. If you are making 125k and above then you are a disgrace for asking for a handout. At least people on welfare are asking for food.

140K HHI here -- we have two kids enrolled and the discount is only $10K. Does that make a difference to you?

Anonymous wrote:Our admissions and finnacial aid office told us the ABSOLUTE CUTOFF is HHI of $400,000/year!

If that's true at my school, then part of our tuition money probably went to subsidize the top 1%.

Our admissions and finnacial aid office told us the ABSOLUTE CUTOFF is HHI of $400,000/year!