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[quote=Anonymous]OP here. 
$350K is 2 full time incomes.  One fed, one not.
No debt outside of mortgage. 
$700K equity (we scrimped and saved for a very large ~$400k downpayment out of grad school--I'm talking we saved $100K a year while making $160K.... for 4 years we lived in an efficiency, never ate out and never traveled while making $170K while saving every spare dime.  The rest of our equity is appreciation. 
One car--a 2011 Honda van. 
$350k income is only past 2 years.

I'm guessing the equity will kill us.  Which sucks because we have it because we saved it with blood, sweat and tears.  And who in their right mind would pull equity out of their house to pay for tuition?  (baring some situation with a special needs kid or similar who REALLY needs private school in which case I would probably re-mortgage my house or do whatever it took)  But I totally get that's it's not fair to ask others to pay for our kids if we have the equity... 
We're definitely in the "donut hole".  $126K post-tax income is an insane expense for school on $350K.   Our local public high school is going down the tubes (we use the elementary and middle schools).  This is not some "we only want our children to have the very best and we deserve private school" situation--rather, I'm just trying to get my kids a decent high school education.   I also realize that there are cheaper options (like Catholic schools). 
Again, just wondering what the facts are for the big DC privates.  
Thx.

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