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Private & Independent Schools
Reply to "Private school -- what portion of income are people spending?"
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[quote=Anonymous]At the Big3 schools and similar your income will be on the low side of things. It's crazy but it is what it is. My kids are at two different Big3 and outside of the financial aid kids, I'd estimate the average income to be well north of $750K for families with 2 kids. The wealth is significant. We make $450K and have grandparents paying one tuition and there are not many families in our income (i.e. lifestyle) bracket. My kids are high schoolers and we're just paying for 4 years each. There's no way we could have sustained this for 13-14 years each. The public schools around DC are full of families like ours: very healthy professional incomes but not enough to pay $110k after tax (because most schools are now north of $50K plus more with fees and extra stuff you end up paying for) for two kids. [/quote]
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