Anonymous wrote:Anonymous wrote:We are at a well resourced large K-12 and receive aid. Our HHI is around 300K. We have multiple children. We bought our house in 2020 for about 500K, had to put some work into it, drive two beat up cars, pay a lot in grad school student loans. We feel grateful to get aid and certainly feel like we are in the bottom 10% of families based on household wealth...this may or may not be true.
They should not be giving aid on that income.
Anonymous wrote:We are at a well resourced large K-12 and receive aid. Our HHI is around 300K. We have multiple children. We bought our house in 2020 for about 500K, had to put some work into it, drive two beat up cars, pay a lot in grad school student loans. We feel grateful to get aid and certainly feel like we are in the bottom 10% of families based on household wealth...this may or may not be true.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.
We stayed in public.
On that income yuo can afford full pay. That's crazy you expect that much help.
That’s not true. That’s $300k before taxes. See my very basic breakdown above.
You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.
We’re that family. We live in a small rowhouse in DC. We have two kids. After taxes and the mortgage etc., we don’t have a shit ton left. And we’re saving for college and retirement. This is DC. $300k pre-tax for a family of 4 isn’t all that much.
Anonymous wrote:We are at a well resourced large K-12 and receive aid. Our HHI is around 300K. We have multiple children. We bought our house in 2020 for about 500K, had to put some work into it, drive two beat up cars, pay a lot in grad school student loans. We feel grateful to get aid and certainly feel like we are in the bottom 10% of families based on household wealth...this may or may not be true.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.
We stayed in public.
On that income yuo can afford full pay. That's crazy you expect that much help.
That’s not true. That’s $300k before taxes. See my very basic breakdown above.
You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.
We’re that family. We live in a small rowhouse in DC. We have two kids. After taxes and the mortgage etc., we don’t have a shit ton left. And we’re saving for college and retirement. This is DC. $300k pre-tax for a family of 4 isn’t all that much.
Families with more than two kids maybe shouldn’t be asking for financial aid in the first place. Having a large family is a choice. No different from purchasing a $6M house or a $300k vehicle.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.
We stayed in public.
On that income yuo can afford full pay. That's crazy you expect that much help.
That’s not true. That’s $300k before taxes. See my very basic breakdown above.
You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.
We’re that family. We live in a small rowhouse in DC. We have two kids. After taxes and the mortgage etc., we don’t have a shit ton left. And we’re saving for college and retirement. This is DC. $300k pre-tax for a family of 4 isn’t all that much.
Families with more than two kids maybe shouldn’t be asking for financial aid in the first place. Having a large family is a choice. No different from purchasing a $6M house or a $300k vehicle.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.
We stayed in public.
On that income yuo can afford full pay. That's crazy you expect that much help.
That’s not true. That’s $300k before taxes. See my very basic breakdown above.
You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.
We’re that family. We live in a small rowhouse in DC. We have two kids. After taxes and the mortgage etc., we don’t have a shit ton left. And we’re saving for college and retirement. This is DC. $300k pre-tax for a family of 4 isn’t all that much.
Families with more than two kids maybe shouldn’t be asking for financial aid in the first place. Having a large family is a choice. No different from purchasing a $6M house or a $300k vehicle.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.
We stayed in public.
On that income yuo can afford full pay. That's crazy you expect that much help.
That’s not true. That’s $300k before taxes. See my very basic breakdown above.
You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.
We’re that family. We live in a small rowhouse in DC. We have two kids. After taxes and the mortgage etc., we don’t have a shit ton left. And we’re saving for college and retirement. This is DC. $300k pre-tax for a family of 4 isn’t all that much.
Anonymous wrote:With my own kids, we always opt out of making the kids fundraise for their extracurriculars and just pay the activity fee instead of there is that option.
We don’t let our kids fundraise for themselves.
Parents who do should be embarrassed. It is the same as panhandling.
Anonymous wrote:What other forms of grifting are you engaged in?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I would like to think my full pay tuition isn't financing wealthy families. But I know at least one that seems well off, has more than one property, a two kids in private and is getting financial aid, though I don't know how much.
It's a little disheartening to those of us who worked hard to pay off our mortgage early, drive older cars, don't take expensive vacations, and live within our means to be penalized for being frugal.
How do you know they get aid? I have no idea who gets aid at our school
They admitted it, though did not disclose the amount. It was the, "just make sure you list all your expenses, like your mortgages [plural]" that got me. Like, if you have multiple properties maybe you don't need financial aid? And because I see them frequently, I know the cars are nice and vacations are taken regularly.
But whatever. Obviously I'm not their accountant and it's not on me to police their applications. It just rankles.
What about multiple properties? We own a second home in DC that we rent. The rent covers the 3.5k mortgage plus 2.5k to help pay for our house mortgage. If we sold the house, we would probably profit 100-150k and lose the 2.5k/month.
We are not rich, but have not needed aid so far. When our third gets to private school, we might..
How would the second home/rental property affect our chances? Would the school expect us to sell it? If we do, within 5 years we will need much more aid because we would be giving up the extra 30k per year in rental income.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Just under $300k when we applied to well reputed (non-religious) privates for 6th grade. Tuition was in the 50s on average. We got a few paltry offers of $10k but mostly nothing. The one school that waitlisted our kid (who got into the rest) said they’d be admitted if willing to full pay.
We stayed in public.
On that income yuo can afford full pay. That's crazy you expect that much help.
That’s not true. That’s $300k before taxes. See my very basic breakdown above.
You are free to feel that way. But $10k is generally the amount that we donate every year. If I found out (and I wouldn't, but if I did) that the school offered $10k to a family with an HHI of $300k, my contributions would come to a screeching halt.