What do private schools look at when determining need for financial aid?

  • Thread starter Thread starter Corkupine
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Corkupine

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We do OK, but have very little in the way of available funds. I contribute a fair amount to my 401K, and carry a large mortgage + taxes on our property. Therefore, my income of around $100K is much greater than my taxable income after 401K and itemized deductions.

I am wondering if they look at your gross income or taxable income, assets, etc?

I would normally consider moving to a more modest place in order to pay my kids' way, but this is a house that my late grandfather built by himself over several years, and my family is extremely happy there.

Thanks in advance for your help!
 
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