I have a son enrolled in a yeshiva. Due to various misunderstandings and error on both my part and the yeshiva's part, we did not fill out the financial aid forms for this year. As a result, we're paying full tuition for one kid. Fine -- it's difficult, but we'll somehow get by. I'm not going to hold the school responsible because we didn't fill out the forms.
However, there was one particular part of the application that really bugged me and I was hoping for my readership's feedback.
One of the things that the school requested was copies of all our bank statement/credit card statements/etc. for the previous two or three months. This is something that no other school (in my experience) has asked for when evaluating financial need.
- Other schools have asked for some or all of the following:
- Tax return
- Balances in various accounts [checking/savings/IRA/401(k)/credit card/mortgage, etc.]
- Rough breakdown of expenses
- Info on property/cars owned
- Questions about camps/summer expenses
No school, except this one, has asked for actual statements from accounts. Truth to tell, I find this highly invasive. I don't think it's their business which grocery store I shop at, which doctors I see, and, for the little discretionary spending that I do, where I do it. I feel violated even at the thought of them going through my statements and saying "Hmmm... he spent $10 at Barnes & Noble," or "He didn't *really* need to buy that $15 bouquet at the florist," or "Hey, what's this $10 charge at Hallmark?"
I have no problem providing them with totals and aggregates of our spending (including the amount of discretionary spending) by category, but I just can't help but feel that requesting the details of our individual transactions is both intrusive and invasive -- especially since no other school has ever asked this of us.
What do you think? Am I being bent out of shape over this? Is their request reasonable and I'm just being defensive? Or is it truly over the line and overly invasive?