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I am guilty of google stalking families at my kid's private. We are full pay but it isn't easy for us - did a bunch of years at public then flipped despite having good public options. Glad we did it though occasionally question it (usually when they tell us how much tuition went up).
I have way too much time on my hands but it is very easy to google the name of parents, streeteasy their homes, etc. One can usually easily tell what bracket they are in. One also never knows how much money grandpa has. There are definitely families where the bill is not going to the parents. Ironically, a know a few of these in the suburbs - families live in towns with perfectly fine public schools yet grandparents pay for private that parents definitely can't afford. |
| I don’t think it’s a joke post. In NYC, even high-earning families can feel real financial pressure once you factor in taxes, housing, lifestyle, children, and long-term planning. Money helps, but it doesn’t automatically remove stress. |
Yes. But not with $2MM a year plus $20MM in the bank. Worst case the job goes away tomorrow they will be fine unless they have 10 kids and insist on them all going to private and a lot of other debt. I'm at about a third of that in terms of income and savings and occasionally get stressed because we have a fairly big mortgage (worst case we could move), one in private and another in public who would likely be best served switching to private soon. But then I remember that there are modifications we could make and still be living better than most of the rest of the world. I want the best for my kids so would like to be higher than we are but assuming the jobs stay OK I know we will achieve that. But every year when the bonuses come in I do breathe a little bit easier. |
Of course you can make lifestyle choices that would push you towards the edge of your earnings and create stress. But if tuition is such a stress factor, which not alter your lifestyle to that of a 1.8MM earner as opposed to a 2MM earner and have less stress? Is a 1.8MM HHI lifestyle suddenly unacceptable once you are making 2MM? |
| When do private school decisions come out? |
2/5 (k), 2/20 (9th), 2/26 (preschool). For isaagny schools. |
| 2/11 for middle |
| Does HM follow ISAAGNY dates? |
| No, they're not in ISAAGNY and I believe they've already sent out offers to several grades |
Thanks! So they seem to be ahead? Do you know when their upper school decisions should come out? First half of Feb perhaps? |
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I think HM announces about a week early. In the past I thought it was on their web site.
Dwight Englewood also has announced a day or two early for HS in the past, which I thought was odd. I think they are ISAAGNY but I guess they think they are special. |
Find it hard to imagine Dwight Englewood is ISAAGNY seeing as they are literally in New Jersey |
The G stands for 'greater', but the only NJ school I see in their directory is Elisabeth Morrow in Englewood. |
$2M in income is less than $1M after tax and withholdings. This makes tuition plus classes and activities more than 20% of post tax earnings. Investing assets carry risk and yield from treasuries or even most most corporate debt leaves you barely beating inflation on a post tax basis. Meanwhile tuition increases at 5% a year. |
This is sad. What’s the point? Are you a striver? Does it affect how you treat them? Or who you child gets to hang with??
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