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[quote=Anonymous][quote=Anonymous]I think we earn enough to afford private, but we are just another ordinary dual income professionals in the area, and we live in a very modest house

Can someone tell me what majority of private school families are like financially? I don’t want our kid to feel that he’s the poorest one in the class[/quote]

Many are paying with wealth, not annual ordinary income (HHI). Many have grandparents gifting &gt;$14ks/year to each kid, many have trust funds allowing for monthly payments, many have large bonus or equity payment jobs and they just set aside $500k per kid for K-12 and another $500k per kid for college.

We could not mentally stomach rising K-12 costs until we physically carved out some money, kept it in Vanguard and went on with our other retirement savings goals and lives. No way to cut it, it will set you back $500k per child and that's before factoring in opportunity cost.

My guess is at $200k HHI you'd get some financial assistance.  Many people also purposely try to work at a private school, in any role, in order to get free or discounted tuition remissions. [/quote]

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