Doing construction and tuition discount

wiki

Sun, Jan 12 2025, 12:05 am

Take the gift and be upfront about it with the schools.

If the schools are smart, they will ask your parents for a generous donation themselves.

amother

Rainbow

Sun, Jan 12 2025, 12:10 am

Molly Weasley wrote:

I don't think it's the school's business to know.

You're being fully honest with them - your income is what it is. You don't have any other assets that you're not declaring. They know you own a home; the renovations you are doing to your home with someone else's money for their own comfort are irrelevant to them.

Have you never applied for financial aid from a school? It's a financial rectal exam. They think everything is their business. By the time you're done they know how many times a year you order pizza, how often you send your sheitel out for wash and set, and how much you spend on underwear.

OP, is it possible for your parents to pay architect, builders, designers, etc. directly rather than have a $200,000 check clear through your bank account?

familyfirst

Sun, Jan 12 2025, 2:31 am

Just saying that $10,000 tuition per child is no small change. You should be proud of yourselves for doing that, if you are living hand to mouth.

Accept the gift graciously. The board will have to understand

amother

Clover

Sun, Jan 12 2025, 2:33 am

familyfirst wrote:

Yes I saw that and was like wow, my tuition per kid is b”h a little less than that about 8-9k.
I’d for sure accept the gift and like others have said, let the school know and say you did try asking if they can give for tuition and they refused, it’s a take it or leave it situation and why should you lose out.

amother

Crocus

Sun, Jan 12 2025, 3:38 am

Hey do you live in Baltimore. Tuition for us is also 10k and full is 19k. There is a question about home my improvements on the form . And either leave a comment there or you can upload a letter explaining that you were gifted the renovations specifically, the cash value was not an option.
Enjoy the renovations!

amother

Brunette

Sun, Jan 12 2025, 10:47 am

Don't feel bad or guilty. Just do it. And enjoy.

It's not your money & you have no say how its spent. Having your parents visit more and be in all your lives more is wonderful.

The school isn't losing out. You say exactly the truth. My parents wanted us to fix it so they will come over. They won't be told what to do with their money.

amother

Pistachio

Sun, Jan 12 2025, 11:11 am

If they specifically ask about recent construction I would be honest on the form and specify that it was a gift. If they make any changes to your tuition based on that, I would request a meeting and explain to them that this is not money that you can spend anywhere else and if they raise tuition you will have to decline the gift.

amother

Razzmatazz

Sun, Jan 12 2025, 11:26 am

amother Teal wrote:

How does that make sense? They aren't spending any money on the construction. It doesn't affect their finances at all. So how does it affect the school?

If they don't mention it at all, the school will think they are using their own money to finance the construction. The school will think, why are we giving them a discount if they can afford this huge reno? They should mention it so the school doesn't misunderstand and take away their discount.