How do people afford private schools?

[Anonymous]

Anonymous wrote:WWJC what would Jesus charge for tuition. Happy Easter. Rich people suck and should be shamed.

Where do you think financial aid comes from?

[Anonymous]

HHI ~400k

2 kids

No family help

Old, inexpensive cars

Cheaper house, low mortgage

Limit big vacations every 2-3 years

[Anonymous]

Anonymous wrote:

Anonymous wrote:WWJC what would Jesus charge for tuition. Happy Easter. Rich people suck and should be shamed.

You do realize the Catholic Church is the richest institution AND the Vatican is the richest nation state in the entire world right. By your logic Christians should shame themselves. Oh, should probably also mention all the abuse of children Christian organizations hide and cover up. SHAME, SHAME SHAME! Happy Easter.

You need a history lesson:

http://historyreviewed.best/index.php/video-jews-infiltrated-vatican-changed-catholic-church/

[Anonymous]

To summarize:

- Many private school parents have just one kid to send.

- Many private school parents have made made money in stocks and/or the grandparents pay, because they have plenty of money due to the rise on stocks and generous policies for baby boomers.

All the people in this second group have the federal government to thank, especially the Federal Reserve (which has inflated asset values for more than a decade) and Senators and Representatives (who protect their own with things like tax cuts, fiscal stimulus, COVID "loans", etc).

See a recent on the extreme and ever-widening income distribution, if you have any doubts.

People receiving this largesse like to think it is because they are especially smart, hard-working, and deserving. Other people are actually smart and realize they are mostly just lucky.

The thing is, the cost is born by the bottom 90%, and by tears in social cohesion. When Trump wins, this is why.

[Anonymous]

Grandparents pay? Isn't it kind of embarrassing to be financially dependent on your parents in your 40s and 50s? Especially if you went to a top 20 college or university. With that caliber of education, shouldn't you be set for life? I thought that was the whole point.

[Anonymous]

Its a luxury good to people who go are rich enough or have rich enough families.

[Anonymous]

Anonymous wrote:Grandparents pay? Isn't it kind of embarrassing to be financially dependent on your parents in your 40s and 50s? Especially if you went to a top 20 college or university. With that caliber of education, shouldn't you be set for life? I thought that was the whole point.

It's (yet another) way to pass along money without incurring taxes. It's coming to the kids sooner or later.

[Anonymous]

You drive one car until it’s old. Your house isn’t perfect. You’re not vacationing several times a year and when you do it’s in the states. You work out at home. You’re not getting your hair and nails done regularly and as a family you prioritize education spending over other non-essentials.

We did the math and moving to a decent house in a better school district still meant we would be sacrificing.

[Anonymous]

Anonymous wrote:Grandparents pay? Isn't it kind of embarrassing to be financially dependent on your parents in your 40s and 50s? Especially if you went to a top 20 college or university. With that caliber of education, shouldn't you be set for life? I thought that was the whole point.

Not embarrassing. It’s a way for them to funnel money tax free. My HHI is $435K, tuition is $50K. I know we can afford to send our 1 child but it would be tight. And we wouldn’t be able to save much more. And we have a “cheaper” house in DMV and one car.

[Anonymous]

Anonymous wrote:Grandparents pay? Isn't it kind of embarrassing to be financially dependent on your parents in your 40s and 50s? Especially if you went to a top 20 college or university. With that caliber of education, shouldn't you be set for life? I thought that was the whole point.

No. This is a way to distribute wealth. I have a friend whose parent pay for three kids. Pay for vacations too. Parents are both biglaw partners. Could pay but they get to do other things with that money. Good way to get around death taxes at least to some extent.

[Anonymous]

We have one kid in a K-8. Will probably switch to public for HS because we can’t afford to keep doing this when the price triples.
For now, we have a smaller house in Eastern moco we bought when prices were lower. We don’t drive fancy cars, we don’t buy “ stuff” for the sake of it and don’t about keeping up with the Joneses.

[Anonymous]

Anonymous wrote:Grandparents pay? Isn't it kind of embarrassing to be financially dependent on your parents in your 40s and 50s? Especially if you went to a top 20 college or university. With that caliber of education, shouldn't you be set for life? I thought that was the whole point.

It is very embarrassing. Why go to great schools and not do sh!t?? That's what no one wants to talk about. My parents clearly explained the expectation to us. The statement was "Our money is not yours. We are here to guide you to be successful and functioning independent adults. Sponsor is not in our title."....We heard it loud and clear..

[Anonymous]

Anonymous wrote:

Anonymous wrote:Grandparents pay? Isn't it kind of embarrassing to be financially dependent on your parents in your 40s and 50s? Especially if you went to a top 20 college or university. With that caliber of education, shouldn't you be set for life? I thought that was the whole point.

Not embarrassing. It’s a way for them to funnel money tax free. My HHI is $435K, tuition is $50K. I know we can afford to send our 1 child but it would be tight. And we wouldn’t be able to save much more. And we have a “cheaper” house in DMV and one car.

It is embarrassing, and as you brazenly admit, is tax evasion. One more rip-off the rich achieve for themselves.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Grandparents pay? Isn't it kind of embarrassing to be financially dependent on your parents in your 40s and 50s? Especially if you went to a top 20 college or university. With that caliber of education, shouldn't you be set for life? I thought that was the whole point.

It is very embarrassing. Why go to great schools and not do sh!t?? That's what no one wants to talk about. My parents clearly explained the expectation to us. The statement was "Our money is not yours. We are here to guide you to be successful and functioning independent adults. Sponsor is not in our title."....We heard it loud and clear..

And supposing your parents have nest egg left over, are they leaving it to you or charity?

Also, salary =\= contribution to the world.

[Anonymous]

You realize that most private schools/catholic schools give out financial aid? You can negotiate tuition with some? Not the super top tier but we have been able to work it out for our kids.
We don't go on long beach vacations. We drive old cars. We don't eat out often and I work full-time.
You make lifestyle choices for what is important to your family. I know we are privileged to make those choices. We would be doing much better financially if they were in public schools. We choose to send our kids to private schools because we value the differences we've experienced. To each their own.