UrbanBaby Asks...
Do you 'enjoy' spending time with your kids?
- Yes, most of the time we really have fun together
- Sometimes it's fun, sometimes it's really dull and aggravating
- Honestly most of the time it's not fun at all, but it's not supposed to be fun
- I really don't enjoy it at all, and wish I could spend less time with them
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UB Like it's 1776!
Posted September 13, 2007(191 replies)
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What is the income cut-off to qualify for financial aid at a private school?
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it is not a straight income test. SSS balances income and assets (including the value and equity in your home if you own one, investments and bank account balances). they also look at your monthly expenses, but they will flag where expenses are out of line with income (ie you are living in a $6000/mo apartment but making $100k). schools use SSS as a guide and then increase/decrease awards based on their own criteria. even second homes do not necessarily disqualify you, but I would say (and I have experience) that as a rule of thumb, anything around 200k or more is a tough sell (although you might get a small award).
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