Those who have children at privates, what is your HHI and net worth?

[Anonymous]

Between 600-720K last few years. 2 kids in DC Independent schools. Tuition at about 45K for SY 22-23. Tuition goes up about 2k p/yr.

Even with our income, we feel it. No family help, and we are still paying back our student loans. If our income drops below 550K, we will go to our public school. No question. Priority is saving for their college and our retirement.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$250,000 and one in $40,000 private school.

You get financial aid, right?

Haha of course not!

[Anonymous]

Shocking how much FA goes to families owning expensive homes (900K +) and making North of 200K.

[Anonymous]

28 million NW. Two kids in private with 90K a year in tuition.

[Anonymous]

Net worth 9 million. 4 kids and close to $200,000 annual tuition.

[Anonymous]

275k, 1 kid at just over 40k.

[Anonymous]

Anonymous wrote:About $425K and two kids in private (Big3) high school. Grandparents pay for one.
Can't wait to be done as well. It is an obscene amount of money.

Well, then there is college tuition …

[Anonymous]

300k more or less and 3 kids in private (18-20 k each). It’s a stretch

[Anonymous]

We have two at 40k privates but grandparents generously pay and I think there are many families like us there.

[Anonymous]

900K. Three kids at 40K-a-year private schools. We can afford it, but it’s still a lot of money. We tried public school first and weren’t happy with the quality of the education, but might consider it again in middle school. We have no family money, so tuition just comes out of what we earn each year.

[Anonymous]

350K two kids in LS at Big3 private.

[Anonymous]

We make 450k with 3 kids. 1 is in private and other 2 are in public school. Our one child has some individualized needs and we are doing private for that reason. We can’t continue the cost forever as it’s very stressful and we have 2 more children so will likely do for another 2 years at max then move back to public or catholic high school. It’s worth it for the moment as child is thriving.

[Anonymous]

Around 600K. Two kids in private with tuition hovering just under 100K.

Net worth about 3 million not including our inheritances which are mostly real estate that are worth about 6 million right now. No mortgages on those properties.

[Anonymous]

Anonymous wrote:Around 600K. Two kids in private with tuition hovering just under 100K.

Net worth about 3 million not including our inheritances which are mostly real estate that are worth about 6 million right now. No mortgages on those properties.

Why would you consider your inheritance at all? You don’t know what’s going to happen.

[Anonymous]

Anonymous wrote:Shocking how much FA goes to families owning expensive homes (900K +) and making North of 200K.

While I sort of agree with you (as a private school parent whose school is very generous with aid to the point I know Chanel bag wearing SAHMs whose family qualifies) on the other hand, these type of “low UMC” families tend to draw the short end of the stick if they don’t qualify for aid- they can’t really afford to go private, but only low income families get aid and only truly upper class families can afford full pay. If a school cares about having students across the spectrum of HHI, it makes sense.