What kind of income do you need to put 3+ kids in top privates from k-12?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I went to private school my whole life, pre-k through college. My wife and I are really struggling to see the value in it. DW is a public school grad so we both slightly differ but when we compare out core friend group, mine are all exceptionally successful; while hers are doing fine, but her top end is probably the low end for my friend group. There were far more "outliers" at her school that are still bussing tables, part time gigs, etc; whereas, most of the kids from my high school are gainfully employed in the professional world.

We get that going to a high level private school surrounds yourself with like minded people, and naturally creates a group of highly driven, educated, friends. Outside of that benefit, it is VERY hard to justify the cost of these school. Can I really look in the mirror and say that if I sent my kid to public, put 50k a year into a brokerage account for him, and gave him the account at age 18, he would be WORSE off than a STA grad?

We have a newborn and as of right now we decided to do public through third and then most likely go private in 4th or 6th grade.

After that ramble...we make about 550k as 31yos. my target is 750k HHI (upon grade 4) to get two kids through a STA/NCS type of school.

Whatever you do, DON’T DO THE BOLDED.

And if you are the type (I don’t mean this to be derogatory) to value elite private schools, your kids are going to want to go to expensive private universities that cost double per year per kid what independent day schools cost.

Meh, my son recently graduated from Blue Ridge School. After all was said and done it cost us around 60k/yr. He had his heart set in UVA. He got into Duke and Georgetown and is at UVA.

Of course many boys at his school went onto private colleges, but many went to public universities.

[Anonymous]

We have a $2m HHI and send our kids to public. When we used to have a 800k income, we didn’t feel like we could comfortably pay for 3 kids. We would rather save for retirement and college. Now our retirement and college are funded, we can easily and comfortably pay for tuition. Our kids are thriving in public so we are staying for now.