Anonymous wrote:I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.
Anyone else seeing this?
Anonymous wrote:The question in my mind is who is really here FA? Who is the wealth being redistributed to. I think that if it’s a moral question of whether you believe that a schools student body should be made up if (1) the very best academic students regardless family income, (2) the very best athletes regardless of income, (3) a mix of students from different economic backgrounds. I have a problem with 3. I support 1 and 2.
FA isn’t really being used for those purposes however and plays a different role. It’s bragging rights here in DC about amount of aid, #of families on aid, diversity of student population. So there isn’t really an incentive to insure that FA is being appropriately awarded only for purposed (1) and (2).
Anonymous wrote:Are you all just now realizing this? Welcome to how financial aid works. The formula looks at the expenses and doesn't punish for poor financial decisions. That's why all flash and no cash people with high mortgages and car payments get aid while others in modest, paid off houses, beater cars, and no vacations don't.
Anonymous wrote:Are you all just now realizing this? Welcome to how financial aid works. The formula looks at the expenses and doesn't punish for poor financial decisions. That's why all flash and no cash people with high mortgages and car payments get aid while others in modest, paid off houses, beater cars, and no vacations don't.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I think that schools want to ensure they get a good mix of candidates and those whose parents fall in the middle might choose not to even bother applying otherwise. Getting some small % of financial aid takes the sting out, enough to make it worthwhile to apply. this results in a more balanced student body. This is just a guess! We are not getting financial aid. So I don't really know. But it doesn't bother me. I'm sure the schools have a system that works and it's not really everyone's business to be mad or judgy. (well, maybe it's DCUM's business ha)
+1. It’s also recognizing financial reality. A family making $150-200k probably can’t swing a $50-60k tuition. A family making $250-300k would struggle to do this for more than one kid, etc. If the schools want these kids this is what they have to do.
No, it’s all about lifestyle choices.
Anonymous wrote:I know of multiple kids who get 50% off and they live it 1.5M homes and higher in McLean and Bethesda and are receiving significant financial aid for their kid in a top school. Also worthy of note- these are not top athletes, students, etc.
Anyone else seeing this?
Anonymous wrote:Anonymous wrote:I am a GS-12 Fed with a stay-at-home wife, and we live in a 4M+ McLean neighborhood that is owned by her parents (no mortgage). They also pay property taxes, maintenance, landscape, and upkeeping of the house. We are only responsible for electricity and water bills. I have three kids at two different big3 private, and they each receive about 90% of the financial aid. Her parents pay the remaining 10% of the tuition.
Grifter.
Anonymous wrote:I am a GS-12 Fed with a stay-at-home wife, and we live in a 4M+ McLean neighborhood that is owned by her parents (no mortgage). They also pay property taxes, maintenance, landscape, and upkeeping of the house. We are only responsible for electricity and water bills. I have three kids at two different big3 private, and they each receive about 90% of the financial aid. Her parents pay the remaining 10% of the tuition.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I think that schools want to ensure they get a good mix of candidates and those whose parents fall in the middle might choose not to even bother applying otherwise. Getting some small % of financial aid takes the sting out, enough to make it worthwhile to apply. this results in a more balanced student body. This is just a guess! We are not getting financial aid. So I don't really know. But it doesn't bother me. I'm sure the schools have a system that works and it's not really everyone's business to be mad or judgy. (well, maybe it's DCUM's business ha)
+1. It’s also recognizing financial reality. A family making $150-200k probably can’t swing a $50-60k tuition. A family making $250-300k would struggle to do this for more than one kid, etc. If the schools want these kids this is what they have to do.
No, it’s all about lifestyle choices.
Anonymous wrote:Anonymous wrote:I think that schools want to ensure they get a good mix of candidates and those whose parents fall in the middle might choose not to even bother applying otherwise. Getting some small % of financial aid takes the sting out, enough to make it worthwhile to apply. this results in a more balanced student body. This is just a guess! We are not getting financial aid. So I don't really know. But it doesn't bother me. I'm sure the schools have a system that works and it's not really everyone's business to be mad or judgy. (well, maybe it's DCUM's business ha)
+1. It’s also recognizing financial reality. A family making $150-200k probably can’t swing a $50-60k tuition. A family making $250-300k would struggle to do this for more than one kid, etc. If the schools want these kids this is what they have to do.