By 2032 the top privates will $75k a year

[Anonymous]

Anonymous wrote:When our oldest started, it was $30k a year. We’ve managed to put one kid through private since K and another, who is now a junior, since PK. We had to make sacrifices (fewer vacations and discretionary purchases) but it was worth it. We wouldn’t have been able to make it work at $75K per kid. There are a decent amount of families like us who will be priced out. I suspect there are enough truly wealthy families to take our place.

Doesn't sound like a sacrifice if you still are taking vacations.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our current tuition is 57k. Assuming a 4% tuition increase per year, it will cost $75k a year in just tuition by 2032.

How is this sustainable for the vast majority of people??

Virtually nobody is spending even $57K for tuition. All those kids go to public school, which you also are paying for. Anyone not able to afford $75K per year, or whatever the number is, by 2032 is just being priced off the yacht. Plenty of folks, for the most desirable schools, will be able to afford that. Whether that's a good thing is an entirely different matter, but for the average family, we are already there.

What do you mean “virtually nobody?” Most people in privates are paying that. This is the private school forum, where we discuss issues about private school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:When our oldest started, it was $30k a year. We’ve managed to put one kid through private since K and another, who is now a junior, since PK. We had to make sacrifices (fewer vacations and discretionary purchases) but it was worth it. We wouldn’t have been able to make it work at $75K per kid. There are a decent amount of families like us who will be priced out. I suspect there are enough truly wealthy families to take our place.

Doesn't sound like a sacrifice if you still are taking vacations.

Trust me, it is. If my kids weren’t in private, we would be doing twice as many, and far more interesting ones.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Our current tuition is 57k. Assuming a 4% tuition increase per year, it will cost $75k a year in just tuition by 2032.

How is this sustainable for the vast majority of people??

Virtually nobody is spending even $57K for tuition. All those kids go to public school, which you also are paying for. Anyone not able to afford $75K per year, or whatever the number is, by 2032 is just being priced off the yacht. Plenty of folks, for the most desirable schools, will be able to afford that. Whether that's a good thing is an entirely different matter, but for the average family, we are already there.

What do you mean “virtually nobody?” Most people in privates are paying that. This is the private school forum, where we discuss issues about private school.

The public school parents like to chime in to tell us about their opinions when they know nothing about the topic. It is really quite pathetic. They are lost.

[Anonymous]

I think that tuition inflation is an overall good thing. Parents will be choosier and demand more from their schools at that price point. Currently many private schools are a poor value. Very expensive with so so academics or facilities and no one is complaining.

[Anonymous]

Anonymous wrote:I think that tuition inflation is an overall good thing. Parents will be choosier and demand more from their schools at that price point. Currently many private schools are a poor value. Very expensive with so so academics or facilities and no one is complaining.

Stop making this same point in every thread. Your understanding of this is like that of a toddler. The DMV private school market is already highly competitive without enough spots for interested families. Just look at the admissions rates which are often below 20%.

[Anonymous]

How much will your annual salary increase during this same period?

[Anonymous]

Anonymous wrote:Our current tuition is 57k. Assuming a 4% tuition increase per year, it will cost $75k a year in just tuition by 2032.

How is this sustainable for the vast majority of people??

It’s not sustainable for the vast majority of people. The current tuition isn’t either. The vast majority send their kids to public.

The schools don’t much care. The vast majority of the current families don’t either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our current tuition is 57k. Assuming a 4% tuition increase per year, it will cost $75k a year in just tuition by 2032.

How is this sustainable for the vast majority of people??

It’s not sustainable for the vast majority of people. The current tuition isn’t either. The vast majority send their kids to public.

The schools don’t much care. The vast majority of the current families don’t either.

Maybe it will set the bar higher for the families that attend private school. Isn’t that a good thing? More exclusive and elite.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our current tuition is 57k. Assuming a 4% tuition increase per year, it will cost $75k a year in just tuition by 2032.

How is this sustainable for the vast majority of people??

It’s not sustainable for the vast majority of people. The current tuition isn’t either. The vast majority send their kids to public.

The schools don’t much care. The vast majority of the current families don’t either.

My kids attend(ed) at a Big3. Ii'd estimate that the average HHI is $800-1 million, even aid families factored in. These aren't "the majority of people."
These are outliers and always have been.
We make -$400K and are very much among the lowest 25% HHI. We live in probably the most bare bones house of the 30 or 40 I've been to, we live the among the most simple lifestyle. 2 years to go for the second kid, thankfully. Kids love it, they've had a great experience, don't regret it but it's a weird world.

[Anonymous]

The "top" priced ones anyway.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Our current tuition is 57k. Assuming a 4% tuition increase per year, it will cost $75k a year in just tuition by 2032.

How is this sustainable for the vast majority of people??

It’s not sustainable for the vast majority of people. The current tuition isn’t either. The vast majority send their kids to public.

The schools don’t much care. The vast majority of the current families don’t either.

My kids attend(ed) at a Big3. Ii'd estimate that the average HHI is $800-1 million, even aid families factored in. These aren't "the majority of people."
These are outliers and always have been.
We make -$400K and are very much among the lowest 25% HHI. We live in probably the most bare bones house of the 30 or 40 I've been to, we live the among the most simple lifestyle. 2 years to go for the second kid, thankfully. Kids love it, they've had a great experience, don't regret it but it's a weird world.

+1 and people aren't here dropping that level of dough on a school because the education is vastly superior (not that it's bad, of course, just, it's not the main point of choosing these schools for the majority of people there).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When our oldest started, it was $30k a year. We’ve managed to put one kid through private since K and another, who is now a junior, since PK. We had to make sacrifices (fewer vacations and discretionary purchases) but it was worth it. We wouldn’t have been able to make it work at $75K per kid. There are a decent amount of families like us who will be priced out. I suspect there are enough truly wealthy families to take our place.

Doesn't sound like a sacrifice if you still are taking vacations.

Trust me, it is. If my kids weren’t in private, we would be doing twice as many, and far more interesting ones.

That also requires the ability to take a lof of time away from work, which is also a luxury most people don't have.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When our oldest started, it was $30k a year. We’ve managed to put one kid through private since K and another, who is now a junior, since PK. We had to make sacrifices (fewer vacations and discretionary purchases) but it was worth it. We wouldn’t have been able to make it work at $75K per kid. There are a decent amount of families like us who will be priced out. I suspect there are enough truly wealthy families to take our place.

Doesn't sound like a sacrifice if you still are taking vacations.

Trust me, it is. If my kids weren’t in private, we would be doing twice as many, and far more interesting ones.

That also requires the ability to take a lof of time away from work, which is also a luxury most people don't have.

How is that relevant to the topic? This is a private school forum. This is not a Wendy’s.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When our oldest started, it was $30k a year. We’ve managed to put one kid through private since K and another, who is now a junior, since PK. We had to make sacrifices (fewer vacations and discretionary purchases) but it was worth it. We wouldn’t have been able to make it work at $75K per kid. There are a decent amount of families like us who will be priced out. I suspect there are enough truly wealthy families to take our place.

Doesn't sound like a sacrifice if you still are taking vacations.

Trust me, it is. If my kids weren’t in private, we would be doing twice as many, and far more interesting ones.

That also requires the ability to take a lof of time away from work, which is also a luxury most people don't have.

How is that relevant to the topic? This is a private school forum. This is not a Wendy’s.

It’s the internet where threads go off topic all the time and this anonymous open public forum is not the exclusive gated online community you would like it to be.