Private school for half the cost, would you do it?

[Anonymous]

I posted on the private school thread already and someone suggested to ask here too, so here it is.
DH and I get an allowance of about half tuition up to $19,000. We make about 170k after taxes. We have two kids and might have another.
Should we do it? We would not be able to afford $80k per year, but 40k we can do it (60... maybe if my income increases which might double (from 55 after taxes to 90) in a couple of years. What would you do? We are international and travel out of the country to see family twice a year (cheap because usually use miles or trip is paid by DH’s job) once we are there we stay with family. Trips are non-negotiable and a priority for us (we also save money in the summer because kids are in home country for 2-3 months and we don’t ever pay for summer camps. Would you do it at our income level?

We are also planning to move (need a bigger house) and by selling what we have now (we are in DuPont) we can get a bigger house inbound for stoddert, Murch, Lafayette, etc.

We work for international organizations and we have great benefits (pension will be 70% of highest paycheck, home leave money, and we don’t pay taxes except for property taxes).

[Anonymous]

Anonymous wrote:I posted on the private school thread already and someone suggested to ask here too, so here it is.
DH and I get an allowance of about half tuition up to $19,000. We make about 170k after taxes. We have two kids and might have another.
Should we do it? We would not be able to afford $80k per year, but 40k we can do it (60... maybe if my income increases which might double (from 55 after taxes to 90) in a couple of years. What would you do? We are international and travel out of the country to see family twice a year (cheap because usually use miles or trip is paid by DH’s job) once we are there we stay with family. Trips are non-negotiable and a priority for us (we also save money in the summer because kids are in home country for 2-3 months and we don’t ever pay for summer camps. Would you do it at our income level?

We are also planning to move (need a bigger house) and by selling what we have now (we are in DuPont) we can get a bigger house inbound for stoddert, Murch, Lafayette, etc.

We work for international organizations and we have great benefits (pension will be 70% of highest paycheck, home leave money, and we don’t pay taxes except for property taxes).

Also, we would apply to Beauvoir and Sidwell

[Anonymous]

Anonymous wrote:

Anonymous wrote:I posted on the private school thread already and someone suggested to ask here too, so here it is.
DH and I get an allowance of about half tuition up to $19,000. We make about 170k after taxes. We have two kids and might have another.
Should we do it? We would not be able to afford $80k per year, but 40k we can do it (60... maybe if my income increases which might double (from 55 after taxes to 90) in a couple of years. What would you do? We are international and travel out of the country to see family twice a year (cheap because usually use miles or trip is paid by DH’s job) once we are there we stay with family. Trips are non-negotiable and a priority for us (we also save money in the summer because kids are in home country for 2-3 months and we don’t ever pay for summer camps. Would you do it at our income level?

We are also planning to move (need a bigger house) and by selling what we have now (we are in DuPont) we can get a bigger house inbound for stoddert, Murch, Lafayette, etc.

We work for international organizations and we have great benefits (pension will be 70% of highest paycheck, home leave money, and we don’t pay taxes except for property taxes).

Also, we would apply to Beauvoir and Sidwell

Are those the only schools you're planning on applying to? Those are long odds, potentially.

[Anonymous]

Are you planning to pay for college for your 2/3 kids?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I posted on the private school thread already and someone suggested to ask here too, so here it is.
DH and I get an allowance of about half tuition up to $19,000. We make about 170k after taxes. We have two kids and might have another.
Should we do it? We would not be able to afford $80k per year, but 40k we can do it (60... maybe if my income increases which might double (from 55 after taxes to 90) in a couple of years. What would you do? We are international and travel out of the country to see family twice a year (cheap because usually use miles or trip is paid by DH’s job) once we are there we stay with family. Trips are non-negotiable and a priority for us (we also save money in the summer because kids are in home country for 2-3 months and we don’t ever pay for summer camps. Would you do it at our income level?

We are also planning to move (need a bigger house) and by selling what we have now (we are in DuPont) we can get a bigger house inbound for stoddert, Murch, Lafayette, etc.

We work for international organizations and we have great benefits (pension will be 70% of highest paycheck, home leave money, and we don’t pay taxes except for property taxes).

Also, we would apply to Beauvoir and Sidwell

Are those the only schools you're planning on applying to? Those are long odds, potentially.

I know... Yes I think so. I did not love WIS and not sure about GDS. my kiDS are in a well regarded preschool that sends lots of kids to those two school, but still hard I know... that’s why also we are moving next year. Our local DCPS is not at the same levels as those I mentioned above

[Anonymous]

Anonymous wrote:Are you planning to pay for college for your 2/3 kids?

Yes, but we will likely send them to Europe so the costs go down by A LOT.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I posted on the private school thread already and someone suggested to ask here too, so here it is.
DH and I get an allowance of about half tuition up to $19,000. We make about 170k after taxes. We have two kids and might have another.
Should we do it? We would not be able to afford $80k per year, but 40k we can do it (60... maybe if my income increases which might double (from 55 after taxes to 90) in a couple of years. What would you do? We are international and travel out of the country to see family twice a year (cheap because usually use miles or trip is paid by DH’s job) once we are there we stay with family. Trips are non-negotiable and a priority for us (we also save money in the summer because kids are in home country for 2-3 months and we don’t ever pay for summer camps. Would you do it at our income level?

We are also planning to move (need a bigger house) and by selling what we have now (we are in DuPont) we can get a bigger house inbound for stoddert, Murch, Lafayette, etc.

We work for international organizations and we have great benefits (pension will be 70% of highest paycheck, home leave money, and we don’t pay taxes except for property taxes).

Also, we would apply to Beauvoir and Sidwell

Are those the only schools you're planning on applying to? Those are long odds, potentially.

I know... Yes I think so. I did not love WIS and not sure about GDS. my kiDS are in a well regarded preschool that sends lots of kids to those two school, but still hard I know... that’s why also we are moving next year. Our local DCPS is not at the same levels as those I mentioned above

Are you zoned for Ross? That's one of the best schools in DCPS, judging from test scores and general reputation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you planning to pay for college for your 2/3 kids?

Yes, but we will likely send them to Europe so the costs go down by A LOT.

What languages do you speak? If French, Rochambeau is a less expensive option.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I posted on the private school thread already and someone suggested to ask here too, so here it is.
DH and I get an allowance of about half tuition up to $19,000. We make about 170k after taxes. We have two kids and might have another.
Should we do it? We would not be able to afford $80k per year, but 40k we can do it (60... maybe if my income increases which might double (from 55 after taxes to 90) in a couple of years. What would you do? We are international and travel out of the country to see family twice a year (cheap because usually use miles or trip is paid by DH’s job) once we are there we stay with family. Trips are non-negotiable and a priority for us (we also save money in the summer because kids are in home country for 2-3 months and we don’t ever pay for summer camps. Would you do it at our income level?

We are also planning to move (need a bigger house) and by selling what we have now (we are in DuPont) we can get a bigger house inbound for stoddert, Murch, Lafayette, etc.

We work for international organizations and we have great benefits (pension will be 70% of highest paycheck, home leave money, and we don’t pay taxes except for property taxes).

Also, we would apply to Beauvoir and Sidwell

Are those the only schools you're planning on applying to? Those are long odds, potentially.

I know... Yes I think so. I did not love WIS and not sure about GDS. my kiDS are in a well regarded preschool that sends lots of kids to those two school, but still hard I know... that’s why also we are moving next year. Our local DCPS is not at the same levels as those I mentioned above

Are you zoned for Ross? That's one of the best schools in DCPS, judging from test scores and general reputation.

Unfortunately not. Also, I hear that I should be inbound for DEAL and RoSS feeds into Hardy I think.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are you planning to pay for college for your 2/3 kids?

Yes, but we will likely send them to Europe so the costs go down by A LOT.

What languages do you speak? If French, Rochambeau is a less expensive option.

Unfortunately neither French not Spanish (another reason why we don’t want to do WIS since our kids already have 3 other languages to worry about)

[Anonymous]

What is your inbound school?

[Anonymous]

Anonymous wrote:What is your inbound school?

Marie Reed, but that is not an option for us

[Anonymous]

Im guessing your DH works at the World Bank or IADB?

I 40,000 to pay a year is a BIG percentage of your take home right now
I would feel a bit tight. Also, the tuition at those schools is going to continue to go up so you will have a lot more to make up for.
If you are sent on a private, I would consider schools that are more affordable.

Where are your children now?

[Anonymous]

You work for the fund? Most ppl I know there are doing upper nw elementary then plan to do private a bit later. Some be of other priorities, some be they are committed to public ed. Which enviro is best for your kid? Think of it less as the bargain and more of what your kids needs are and that will lead you to the right place. Good luck!

[Anonymous]

No. Move to upper northwest and save your money.