Anonymous
Post 11/11/2013 16:16     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:
Anonymous wrote:

Right but the posters point I think was that if you have someone that was in say social work then their potential earning us but that much. Therefore they get to not work and have a potential low income factored in. I think that if you choose a career that pays a low salary then you probably can't afford private school. We all make choices. Those that poured thousands into school and make a large income most likely can afford private but they have negative consequences for that choice as well.


Shorter PP: people who don't earn enough money for private school shouldn't get financial aid; they should just earn more money.


Right, because we all know they are just stupid for not making more money and their kids don't deserve the privates anyway. Ughh...I really am starting to lose all faith in humanity from reading posts like this. You sicken me.
Anonymous
Post 11/11/2013 15:40     Subject: Finacial aid at 350K HHI with high mortgages and nanny

and I didn't find it a tough choice to not contribute and wish the schools gave me any aid dollars I gave back.
Anonymous
Post 11/11/2013 15:38     Subject: Re:Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:I can related to the OP here. I make about 400k per year and I'm not able to afford upgrading to a Rover at the moment. Too expensive, expensive when you factor in the low fuel efficiency. Some financial aid from my private would go along way towards allowing me to upgrade. People think 400k is a lot, but it's actually not. You have to make some really tough choices.


I posted about a school with families earning over 200k getting aid. When another school had a financial aid student drive up in a new SUV with the new 350 purse the checks stopped.
Anonymous
Post 11/11/2013 15:32     Subject: Re:Finacial aid at 350K HHI with high mortgages and nanny

I can related to the OP here. I make about 400k per year and I'm not able to afford upgrading to a Rover at the moment. Too expensive, expensive when you factor in the low fuel efficiency. Some financial aid from my private would go along way towards allowing me to upgrade. People think 400k is a lot, but it's actually not. You have to make some really tough choices.
Anonymous
Post 11/11/2013 14:58     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:This has to be a troll. No money down on a 980k mortgage?


VA loan..



How did you get a 0% down VA loan for almost a million?

I am calling BS.

In 2013, the maximum VA loan amount for DC was $843, 750.

http://benefits.va.gov/HOMELOANS/documents/docs/2013_county_loan_limits.pdf



Roundpoint Mortgage
Loan product 30 year fixed (VA)
Interest rate 3.875%
APR 3.901%
Payment (P&I) $4,803
Loan amount $1,003,240
Down payment $0
More
Fees
Loan origination fee $995
Appraisal fee $395
Lender credit ($19,650)
VA Fees Learn more about VA
VA funding fee What's this? $21,500
Total Lender Fees What's this? $3,240
Anonymous
Post 11/11/2013 14:56     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Gotta love rich people who don't think they are rich because they spend all their money.
Anonymous
Post 11/11/2013 14:53     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I don't think it is fair that a family receive any aid unless both parents are working outside of the home full time! I don't think it is fair to calculate what they would be making into the equation. For example, if they had a career that had a low paying job then they made a choice to pursue a career that would not pay enough to send their child to private school. Many people hate their high paying jobs but endure them to pay for private school etc... I think it sends a bad message to those parents struggling to pay full tuition that someone that decides to not work can receive aid but calculating say $25,000 into their financial aid calculations as if they are working but they really are not when there are many of us that are in fact really working full time for that salary. I think Financial Aid needs to rethink this or it is not fair to those of us actually working full time and struggling to do so.

Actually the financial aid calculations do factor in the income producing potential of a stay at home spouse so they are not getting the free ride that you imagine.


Right but the posters point I think was that if you have someone that was in say social work then their potential earning us but that much. Therefore they get to not work and have a potential low income factored in. I think that if you choose a career that pays a low salary then you probably can't afford private school. We all make choices. Those that poured thousands into school and make a large income most likely can afford private but they have negative consequences for that choice as well.


I agree that everyone makes career choices. But world wouldn't go around without teachers, policemen, firefighters, nurses, etc. There are a lot of societal necessary professions that just don't pay well. Because chooses to help the greater mankind, they are screwed personally?


Attending public school is not equivalent to being screwed.
Anonymous
Post 11/11/2013 14:48     Subject: Re:Finacial aid at 350K HHI with high mortgages and nanny

If your son liked the school, please do ask director of admission Kirk Otterson same question as you posted on this blog. He will give you the answer. I suspect it will replicate the answer of Pope Francis:"If someone is gay and seeks the Lord with good will, who am I to judge?". I can tell you some of the boys will make jokes but the smartest boys of the class would actually respect your son for his ideas and will put the "beasts" in their places. “Take courage! I have conquered the world.” (John 16:33)


Private school isn't a "right". Our taxes already pay for public school for everyone. We do all make choices and those choice effect how much we have to spend on a multitude of things--private school is just one.
Anonymous
Post 11/11/2013 14:41     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:
Anonymous wrote:maybe if they got rid of financial aid all together tuition would be more affordable for everyone


I wonder about this too. I'm new to the private school world (here out of necessity due to specific needs for my child that can only be accommodated by one particular school). Until this, we were public all the way. However, we need this one program now and the tuition is outrageous (essentially double most out there) and then we still need pre-k for my other child. This will amount to almost 100k per year. Can I just say I had a fantastic college/grad school education with PhD and all and spent all of 5k! Anyhow...I always felt we had a great income (~200k), but with half having to go to private school with these rates, we will desperately need financial aid. In all honesty, we can afford about half that, and we already live all the way out for mid-level housing prices. I never thought I'd need financial aid, but with the way tuition is, if we don't get it, we will need loans for my one child since she HAS to have this program and my other will need to go elsewhere (which is a major strain on us commuting-wise since we also both work f/t and have big commutes as it is).

Anyhow, I guess all that is to say that this is a crazy world, and I'm not surprised mentalities like the OP exist in it...


It's hard. Especially when you want the best for your child. I'm in a similar position but am only looking at SN Pre K with the hope that he will be able to be mainstreamed for K. The school I'm looking at does not even offer FA. I'm getting a Sallie Mae loan. Now, the truth is...I "want" this for my child. I worked hard to make my income and consider myself upper middle class. But I can't swing the tuition.

My dad asked an interesting question....what do the poor people do? People for whom even the consideration of private is not an option because it is so far out of reach. All of the school systems around here provide accommodations and if they can't there are processes in place that allow a school district to pay for private if necessary. SN does not only affect those that can afford private to assist with the issues. If your daughter HAS to have this program, then you should consider asking the school district to pay if they truly cannot accommodate her needs.
Anonymous
Post 11/11/2013 14:26     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I don't think it is fair that a family receive any aid unless both parents are working outside of the home full time! I don't think it is fair to calculate what they would be making into the equation. For example, if they had a career that had a low paying job then they made a choice to pursue a career that would not pay enough to send their child to private school. Many people hate their high paying jobs but endure them to pay for private school etc... I think it sends a bad message to those parents struggling to pay full tuition that someone that decides to not work can receive aid but calculating say $25,000 into their financial aid calculations as if they are working but they really are not when there are many of us that are in fact really working full time for that salary. I think Financial Aid needs to rethink this or it is not fair to those of us actually working full time and struggling to do so.

Actually the financial aid calculations do factor in the income producing potential of a stay at home spouse so they are not getting the free ride that you imagine.


Right but the posters point I think was that if you have someone that was in say social work then their potential earning us but that much. Therefore they get to not work and have a potential low income factored in. I think that if you choose a career that pays a low salary then you probably can't afford private school. We all make choices. Those that poured thousands into school and make a large income most likely can afford private but they have negative consequences for that choice as well.


I agree that everyone makes career choices. But world wouldn't go around without teachers, policemen, firefighters, nurses, etc. There are a lot of societal necessary professions that just don't pay well. Because chooses to help the greater mankind, they are screwed personally?
Anonymous
Post 11/11/2013 14:23     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:maybe if they got rid of financial aid all together tuition would be more affordable for everyone


I wonder about this too. I'm new to the private school world (here out of necessity due to specific needs for my child that can only be accommodated by one particular school). Until this, we were public all the way. However, we need this one program now and the tuition is outrageous (essentially double most out there) and then we still need pre-k for my other child. This will amount to almost 100k per year. Can I just say I had a fantastic college/grad school education with PhD and all and spent all of 5k! Anyhow...I always felt we had a great income (~200k), but with half having to go to private school with these rates, we will desperately need financial aid. In all honesty, we can afford about half that, and we already live all the way out for mid-level housing prices. I never thought I'd need financial aid, but with the way tuition is, if we don't get it, we will need loans for my one child since she HAS to have this program and my other will need to go elsewhere (which is a major strain on us commuting-wise since we also both work f/t and have big commutes as it is).

Anyhow, I guess all that is to say that this is a crazy world, and I'm not surprised mentalities like the OP exist in it...
Anonymous
Post 11/11/2013 10:41     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:
Anonymous wrote:As a family on the receiving end of FA at a private NOVA school, I can honestly say that OPs situation and question is not as ridiculous as it sounds and yes, there are people like their family receiving aid.

So to the OP, go ahead, fill out the app, submit it and see what happens. No one will laugh at you and no one will say anything to you publicly.

They might not provide anything on the first go around but instead tell you to wait until after their commitment date for when they will find out if anymore aid is freed up.




As a donor I would not continue to donate if I found out a family in this income bracket was receiving financial aid.


Straight from the web site of a private "household incomes ranging from $25,000 to more than $200,000 have been eligible for aid" so who cares to donate?
Anonymous
Post 11/11/2013 10:33     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:We applied for financial aid one year on a salary of $200,000 with both parents working F-T. We had a F-T babysitter to pay for a younger child and for after-care and had a few hundred thousand in retirement and college savings, and some equity in our home. The form came back with our ability to pay each year at over $120,000 per year. As such, we were denied any FA. This is at a Big 3. We took our kids out the school and moved. It was pretty upsetting at the time, but we are doing ok in public now.


Delusional.
Anonymous
Post 11/11/2013 10:22     Subject: Finacial aid at 350K HHI with high mortgages and nanny

We applied for financial aid one year on a salary of $200,000 with both parents working F-T. We had a F-T babysitter to pay for a younger child and for after-care and had a few hundred thousand in retirement and college savings, and some equity in our home. The form came back with our ability to pay each year at over $120,000 per year. As such, we were denied any FA. This is at a Big 3. We took our kids out the school and moved. It was pretty upsetting at the time, but we are doing ok in public now.
Anonymous
Post 11/11/2013 10:21     Subject: Finacial aid at 350K HHI with high mortgages and nanny

Anonymous wrote:

Right but the posters point I think was that if you have someone that was in say social work then their potential earning us but that much. Therefore they get to not work and have a potential low income factored in. I think that if you choose a career that pays a low salary then you probably can't afford private school. We all make choices. Those that poured thousands into school and make a large income most likely can afford private but they have negative consequences for that choice as well.


Shorter PP: people who don't earn enough money for private school shouldn't get financial aid; they should just earn more money.