Does anyone have insight as to how financial aid works in high schools, specifically Regis.
We make about 100k but we’re older, bought an apartment 20 years ago, and recently received an inheritance so we have a lot of assets - about 500k in liquid assets, more in home equity. Our retirement is on low end, but I don’t think they look at that.
Filling out the FA forms at Regis is optional. I don’t want to blow it and cry poor, but we wouldn’t pay for Fordham Prep if he doesnt get in which is what i think they’re asking. We have a younger son who in 3 years will be in HS too. And college Is looming. So .. we *could* pay for private, but we wouldn’t.
should we complete Regis FA form or not?
If you have 500K in liquid assets why aren't you using that to pay for tuition?
We could. But spending 40k a year for 2 kids to go high school on 100k HHI isn’t a choice we’d make. this money is our college and retirement money, but we can only move so much into retirement a year on our salary. We’d do public instead.
Np: then you have your answer.
Regis is free. I’m just trying to gain insight into their optional financial forms
I think it's helpful to have a lower-end income all schools are - or should be - looking for economic diversity...Due to its structure Regis has much more economic diversity than most schools but...gets its share of overprespped independent school boys as well. I think it will be stronger for your son's application to show that you are a middle-class family. Good luck!
Given your stats, I do not think the optional FA form is really for you. As you said, you "could" pay for private (even if you understandably choose not to). All things being equal, Regis' gives preference to those who could not afford parochial/privates. So if you were to send in a FA form, you risk coming across as disingenuous in attempting to game a leg up in admissions as all accepted boys get a full scholarship anyway. Regis is a founding member of the REACH program which specifically supports boys from low income families through their middle school years (and admit quite a number every year), so the school is very aware of those truly in need.
Yeah, this is what I want to avoid. Looking disingenuous or trying to get a leg up. I guess it's the whole "if you can't afford a catholic education" I'm bumping up against.. I mean, of course we can't afford Fordham Prep for two kids (and college and a modest retirement at 75). But, *could* we pay for it? Yes, we could.