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Location: Colorado Springs, Colorado, United States

Wednesday, June 1, 2011

Do not starve families out

Just because you've given a family enough aid to convince them to enroll doesn't mean you have given them enough to survive. It is essential for a school to budget tuition aid adequate to enable families to pay without sabotaging their family's financial health.

A good, workable percentage for a financially healthy family to spend on tuition is around 5%. If tuition represents more than 5% of their budget, they must cut somewhere to fit you in. There's a typical protocol for how families cut, but they usually begin by cutting retirement or savings.

If your aid package is such that they're forced to cut on essentials, or if your aid package pushes them too close to the limit, then eventually something will happen that requires them to take tuition money and pay something else. At that point it's just a matter of time before they are forced to leave.

Feel free to contact us for a copy of "Tuition Aid and Financial Health." In this white paper you will learn line-by-line what happens to a family's budget when they enroll in your school

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