How much do you spend on private school and what is your HHI?
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Anonymous
| go! |
Anonymous
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Roughly $105k before the additional fees (uniform, bus etc). Two kids at $50k+ private.
This year HHI will be $1.4M but it hasn’t been that high in the past and it varies. I’d say the average of our last 5 years of income was right around 900K. |
Anonymous
| 430k HHI, 45k (tuition and fees) for one child, second year in private school. It is more of a stretch for us than most, especially because we have no family money subsidizing the tuition. But it’s doable and completely worth the sacrifice. |
Anonymous
Annoying. Esp when OP doesn’t report the info herself. |
Anonymous
| Ugh. Not this post again. |
Anonymous
|
HHI 175k
Annual tuition 10k. No FA |
Anonymous
| HHI $250k, we pay $0 - grandparents pay for the two kids, roughly the equivalent of $100k a year. Obviously we could never afford this ourselves. |
Anonymous
OP here. We are considering private school for our rising sixth grader but are not sure if it is worth it. Our HHI is 375k, and tuition would be around 50k. We have a pretty low mortgage payment (3500)- got it at low rates and before prices skyrocketed, and no other debt. No family support. |
Anonymous
Then said your kid. Everyone’s situation is a different. But if you haven’t started the process you need to get on it now. |
Anonymous
| HHI $220k. School $13k for one kid. |
Anonymous
Obnoxious. |
Anonymous
Make 100k less and only pay a little less. Wondering if I applied to the wrong schools.. |
Anonymous
| 175k take home. 45k for one. |
Anonymous
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4 years of HS at ~50k per year, income was $280k at the start, now $340k
Not gonna lie, it was tight. And, we needed to do it for a variety of reasons, we have no regrets |
Anonymous
Just curious: why is this your setup? You don’t feel uncomfortable taking that kind of money from family? |