FA question

Prep School Admissions Prep School Parents
1

<p>Hi seasoned BS parents!!! I was hoping some of you might shed some insight on something I read on financial aid for prep schools.</p>

<p>I was reading that FA applications will take into account a stay-at-home mom's ability to earn income as they calculate how much a family can pay. I work VERY part-time (about $4-6K a year), as I am a full-time homeschooling mom to my other two children. I know they make exceptions to this for moms with young children at home (through the preschool years), but I was wondering if being a homeschool mom would be similarly taken into account. I work part-time as a tutor and my pay is very up and down from semester to semester. The year before, I only had two students, whereas this year I have seven, so this year I'd be making a little bit more, while last year I made MUCH less and had to supplement my income with some ebay work.</p>

<p>I may add, our annual family income, with my part-time work included, falls under $75K. We own our own home, with about 20 years left to our very modest mortgage, and we're applying to a private day school as opposed to a BS, but we use the same FA application system as BS.</p>

<p>Thanks for any information you might be able to impart :)</p>

2

<p>I suspect that different schools would treat your situation differently.</p>

<p>Even without your slightly unusual scenario, the EFC for my family varied by about $10,000 from the “best” to the “worst” offer.</p>

3

<p>This is one of those things you need to explain in the comments at the end.</p>

4

<p>It turns out for this year, at least, they didn’t account for my ability to earn income. I think because I will continue to homeschool my other two children. Thanks for your advice :)</p>