Reply To: Tuition Assistance Guidelines

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#684798
SJSinNYC
Member

That way the folks making a ton of money would help offset the working class and everyone feels like a mentch.

I don’t this is the right way to do it.

Lets take Family A: Husband and Wife together earn $150,000 and have 5 kids. Each tuition costs $5,000 plus some fees so they pay $27,500 in tuition. Their after tax (and heath care) take home pay is around $95,000. Subtract $9,500 maaser. Then subtract $600/month for both of them to commute [assume one public transportation and one car with insurance]. Now you are down to $78,500. Then subtract tuition and you are at $51,000. Food for a family of 7 is around $700/month, now you are down to $42,400. Assume a mortgage payment is around $2500/month. You are down to $21,000. Clothing is $300/year per person (including shoes, coats, suits etc) you are down to $18,900. Life Insurance for the parents is $2000/year. $16,900. Utilities (electric, gas, water, phone, internet, cell phone) $700/month. $8,500 left. Medical costs (copays, medicine etc) – $200/per person/year. $7,100. School supplies (books, paper, etc) – $100/ per student/ year. $6,600. And since both parents are working full time, its a lot harder to function without a cleaning lady (although that is a luxury so I won’t count it). Should they be subsidizing a family with a stay at home mom? Sure, that family is earning less, but the wife being home makes the home run smoother (generally). Assuming that there aren’t three little kids at home in addition to the five in school (daycare costs would probably offset earnings), shouldn’t the woman go to work instead of being subsidized?

I think our society has begun to rely too much on communal support. Its time to figure out new ways for each person to be able to afford tuition. Family A is not wealthy by any stretch of imagination. We can only lean on the rich so much.

Keep in mind that where I live, tuition is $15,000 a year.