Reply To: Tuition Assistance Guidelines

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#684858
SJSinNYC
Member

BP Totty, I must have missed that. Don’t worry, I rarely take things too personal. I recognize that all schools have DIFFERENT strengths and weaknesses and we choose according to what is best for our children and families overall.

EJ, we are sort of in the same boat. And its tough. BUT! If people would actively try to reduce their expenses, its amazing what can be cut. Meat and chicken most nights of the week? Cut out a lot of that and switch to beans for your protein – you’ll save a fortune. Cut out cleaning help? A few thousand a year. Turn off and unplug things when not in use – a few hundred a year. These “pennies” add up. I follow a blog called pennilessparenting about a woman in Israel with two little kids and how she lives below the poverty line debt free. Its amazing what she can do to save money. Sure its a lot harder working full time and not taking shortcuts, but we have to decide – is a Yeshiva education worth it to you? There are barebones schools out there for a lot less if you want to bus your kids. I don’t want to do that to them, so I pay the price.

Dr. P – I’m not so sure that would work well. Perhaps though, if parents thought of scholarships as a loan instead of a smaller bill that would work. Repayment would start when your kids are out of high school. People would pay what they could afford every month once their kids are done until their bill was paid. This would also allow the schools to know that some extra money is coming in, even if it turns out to be $50/month or something. Perhaps it should even be tied into inheritence – if you have $100,000 to leave to your kids and owe $50,000 to the school, upon your death that should be paid first, followed by splitting it amongst your kids.