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Private & Independent Schools
Reply to "At what income level is it a no-brainer to go private? "
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[quote=Anonymous][quote=Anonymous]We make right around what you make and it still feels like a lot of money out the door every month (we also have a sizable mortgage). We are sending our younger to a JKLM now and started our older in private in 4th grade. Once you get to two kids in privates, it's $10K a month of post-tax dollars. 3 is going to be $16K every single month! That's a mortgage payment on a $4M house every single month for the next however many years. I think a lot of people don't realize just how many of their classmates have grandparents that pay, so it often times feel like your whole social circle is easily affording private. When you self-pay trust me -- it feels like a lot! I would start at your neighborhood school and then switch over in 3rd or 4th grade. [/quote] The grandparent tax loophole is really an incredible policy decision. To me it seems insane, but it’s clearly propping up the private school industry. [/quote]
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