My childrens school, to get a scholarship, you must fill like a 15 page form. About annual salary, benefits, expenses, like taxes, all utilities, medical premiums, other tuition payments, charitable donations, clothing food, all bank accounts, homes and summer vacation propertie., other properties and their approximate value, income from rental properties, vacations in the last year,cars model year and finance info, insurance information, 2 recents tax returns, Household help – how much you pay and how often. Liablities, 401 K, Ira, stocks and bonds, If you go away for the summer, If you send kids to day camp and sleepaway camp and how much does it cost. Do you receive Government assistance, and if so, what type, and how much. They also ask permission to obtain a credit report.
The schools do have a right to ask these questions. They really do need to know who can pay and who really can not.