Anonymous wrote:Anonymous wrote:What a bizarre thread. Schools provide financial aid because it's consistent with their missions to establish a student body that is as diverse as possible (socially, economically, culturally, racially). People from different backgrounds contributing to discourse is a key part of successful education.
That said, if you don't like is no obligation to support that diversity with contributions. If you don't like the concept at all, there is no obligation to send your kid to any kind of school that supports it.
We are full-pay and also make a sizable contribution. I like the school and support them in allocating the money as they see fit. The school is very diverse but also has significant wealth. I'm not losing sleep concerned that my donation is going to the wrong place. Is it possible that wealthy families are taking advantage of financial aid? Sure, same as any government aid, private charity or anything else.
Do the right thing, whatever that means for you, and move on with your life.
Oh my, no.
No school charging 60k is sincerely interested in diversity and neither are most of the families whose kids attend.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I’ve started to notice that at my kids’ school, the number of students receiving financial aid and the total amount awarded have increased significantly, by about 50 percent over that last 5 years. At the same time, building maintenance seems to be falling behind, the quality of faculty appears to be declining, the quality of the food in the cafeteria is low, and the after-school offerings are not very strong. This is a school with a tuition of $60,000.
Has generous financial aid caused similar issues at your children’s school?
Consider that the causal arrow may point in the opposite direction. If your school is declining and underperforming, then it needs more generous FA to attract families. Schools can get in a bad spiral of compromising admissions standards to get tuition dollars, and compromising financially to maintain academics. It's hard to stop once it starts.
Not really. The admissions rates is about 3 to 5 percent currently. They can totally cut funding and still remain in high demand but providing a much better service.
Anonymous wrote:Anonymous wrote:I’ve started to notice that at my kids’ school, the number of students receiving financial aid and the total amount awarded have increased significantly, by about 50 percent over that last 5 years. At the same time, building maintenance seems to be falling behind, the quality of faculty appears to be declining, the quality of the food in the cafeteria is low, and the after-school offerings are not very strong. This is a school with a tuition of $60,000.
Has generous financial aid caused similar issues at your children’s school?
Consider that the causal arrow may point in the opposite direction. If your school is declining and underperforming, then it needs more generous FA to attract families. Schools can get in a bad spiral of compromising admissions standards to get tuition dollars, and compromising financially to maintain academics. It's hard to stop once it starts.
Anonymous wrote:Anonymous wrote:I’ve started to notice that at my kids’ school, the number of students receiving financial aid and the total amount awarded have increased significantly, by about 50 percent over that last 5 years. At the same time, building maintenance seems to be falling behind, the quality of faculty appears to be declining, the quality of the food in the cafeteria is low, and the after-school offerings are not very strong. This is a school with a tuition of $60,000.
Has generous financial aid caused similar issues at your children’s school?
Snob.
Anonymous wrote:I’ve started to notice that at my kids’ school, the number of students receiving financial aid and the total amount awarded have increased significantly, by about 50 percent over that last 5 years. At the same time, building maintenance seems to be falling behind, the quality of faculty appears to be declining, the quality of the food in the cafeteria is low, and the after-school offerings are not very strong. This is a school with a tuition of $60,000.
Has generous financial aid caused similar issues at your children’s school?
Anonymous wrote:I’ve started to notice that at my kids’ school, the number of students receiving financial aid and the total amount awarded have increased significantly, by about 50 percent over that last 5 years. At the same time, building maintenance seems to be falling behind, the quality of faculty appears to be declining, the quality of the food in the cafeteria is low, and the after-school offerings are not very strong. This is a school with a tuition of $60,000.
Has generous financial aid caused similar issues at your children’s school?
Anonymous wrote:Anonymous wrote:Hasn't this system essentially "barbelled" enrollment? A large percentage of very poor, a large percentage of full-pay very rich, and nearly no middle/upper middle class families? I'm not sure it creates a healthy environment for kids when one half knows it's supporting the other half, but what do I know?
This is why the boarding schools with insane endowments offer tremendous aid to the MC/UMC. They do have a significant number of students whose families truly cannot contribute funds. And more than a few billlionaires’ kids to round things out. They seriously need that middle for the social cohesion. Especially in a situation where the kids all live together. So if you are squeezed for $60k, try Groton/Exeter/Deerfield/St. Paul’s. You will get amazing aid. I imagine this is also true at the very top day schools across the US, but I cannot say with certainty as I have not looked carefully at their numbers.
And before someone chimes in that this is not fair… The schools that I named (and their peers) spend between $135k to $150k per student, per year. So a wildly wealthy full pay kid at $80k is still being subsidized by an endowment at about $50k-60k per year. And no one shames them for it. So you can stop banging on about how virtuous people never accept charity.
Funds were generously given to these schools to advance their mission. Their Boards are stacked with vision, talent, and financial acumen. The Admissions teams did not come to play.
Focus on the school that can best serve your family. If you don’t want to pay $60k, look around. Choice is awesome, if you do your homework.
Anonymous wrote:Hasn't this system essentially "barbelled" enrollment? A large percentage of very poor, a large percentage of full-pay very rich, and nearly no middle/upper middle class families? I'm not sure it creates a healthy environment for kids when one half knows it's supporting the other half, but what do I know?
Anonymous wrote:Anonymous wrote:I’ve started to notice that at my kids’ school, the number of students receiving financial aid and the total amount awarded have increased significantly, by about 50 percent over that last 5 years. At the same time, building maintenance seems to be falling behind, the quality of faculty appears to be declining, the quality of the food in the cafeteria is low, and the after-school offerings are not very strong. This is a school with a tuition of $60,000.
Has generous financial aid caused similar issues at your children’s school?
Where do you find this info? In the 990?
Anonymous wrote:Why is racial diversity without socioeconomic diversity so abhorrent to you? It has value to some people.
Anonymous wrote:Why only socioeconomic?
Anonymous wrote:I’ve started to notice that at my kids’ school, the number of students receiving financial aid and the total amount awarded have increased significantly, by about 50 percent over that last 5 years. At the same time, building maintenance seems to be falling behind, the quality of faculty appears to be declining, the quality of the food in the cafeteria is low, and the after-school offerings are not very strong. This is a school with a tuition of $60,000.
Has generous financial aid caused similar issues at your children’s school?