What percentage of your HHI goes to tuition?

[Anonymous]

7 percent pre tax. five kids

[Anonymous]

Tuition would be about a quarter of our HHI but our parents help out so we pay about 20% of our pre-tax HHI.

[Anonymous]

This is such a dumb thread

[Anonymous]

Anonymous wrote:Tuition would be about a quarter of our HHI but our parents help out so we pay about 20% of our pre-tax HHI.

+1 for 2 kids in private highschool. When they started in lower school it was about 15% but tuition went up quicker than income.

[Anonymous]

3.5% for one in private hs plus 7% for one in private college. We’re not tapping 529 yet

[Anonymous]

Anonymous wrote:Also about 20%, pre tax

Same.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

So many private school kids also get tutoring. SO MANY.

We don't get tutoring. I agree with PP - having so many extracurricular at the school means less driving, more free time. And I probably wouldn't do tutoring either way - my kids don't need it and I'm not insecure enough to buy it for the educational arms race

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

Interesting you say that. I thought it would be the same with us but at our big 3 many kids are in tutoring to try to get an edge, which drives the average higher. This has resulted in most kids having a tutor or some outside-school academic work (beyond homework), either to keep an edge or to keep up.

Better save up for therapy later too! These kids are going to crack under all the unnecessary pressure.

[Anonymous]

So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

[Anonymous]

In actual tuition, only about 10%, but with nanny and all the enrichment activities about 60%. I would spend more if I needed to.

[Anonymous]

Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

It’s the same story in the money forum where everyone claims to make exorbitant amounts but then, when spending comes up, the same people are shocked that anyone could have expenses of 10k a month. Lots of BS being thrown around.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

So many private school kids also get tutoring. SO MANY.

And most public school kids don’t need it.

[Anonymous]

Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

Lots of real private school families make over $1m.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.

Lots of real private school families make over $1m.

Not lots, few make that - stats are stats - lies are lies. More people say they do than is statistically possible, even for DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:~3.5% of pretax this past year, not including fees, uniforms, shoes.

About the same for us (2 kids)

Another way I justify the cost is that I’m not spending nearly as much on after school tutoring. And there’s more time for play and non-academic pursuits since we aren’t having to do reading comprehension work at home or driving to a tutoring center for math.

Interesting you say that. I thought it would be the same with us but at our big 3 many kids are in tutoring to try to get an edge, which drives the average higher. This has resulted in most kids having a tutor or some outside-school academic work (beyond homework), either to keep an edge or to keep up.

In high school? It’s pretty common to have some outside tutoring in 8-11th, whether public or private.

I always love when folks say something like tutoring pretty common 8-11th, when in reality it is not. If you're constantly having to get a tutor, there is an underlying challenge that needs to be address (deficient in foundation skills, inappropriate class level, teacher problem, etc).