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Reply to "Winning the lottery and paying for tuition!"
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[quote=Anonymous]Does anyone else find it disturbing that with an income in the top 2% of our country we still can not afford to send our two children to a top private ($35K+)? Basically, in order to afford those tuition bills for two or more kids (without handouts from grandparents or FA) we would have to be 1%ers. There is something wrong with these schools if they are raising their tuitions to a rate that only top 1% earners in our country can afford to send their children there - unless they get handouts from grandparents or financial aid. Another disturbing fact - to send two children to top privates for 13 years (PreK-12th) costs approximately [b]$1 million dollars[/b]. My mortgage is about that and we have 30yrs to pay it off not 13! And that doesn't even include college, which at this rate can easily be another $500K in four years for two kids. Imagine if you have three kids (which as everyone knows, is the new two)! These numbers just seem insane to me, and I grew up going to top privates! Things have definitely gotten way out of control! $1.5 million in 17 years is crazy! At this point, we would have to win the lottery to send our kids to top privates. Very sad and frustrating![/quote]
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