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Reply to "Anyone else spending $7000 oer month (or more) on tuition from earned income?"
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[quote=Anonymous][quote=Anonymous]We have had one child in independent school for a few years (starting in middle school), and our second child will start independent school in the fall for 6th grade. (We have been in MCPS for elementary.) As of June 5th, we went from paying $4000 per month in tuition to paying $7000 per month in tuition. I knew it was coming, but it is such a large amount. Our total net income per month is $13,000 (HHI of approximately $380,000 with both DH and I working full time.) I sense a lot of people pay tuition from investment income, and perhaps not out of salaries. Does it seem a bit absurd to pay $7000 per month for two kids to attend 6th and 8th grades? (BTW, I know that these tuition amounts are for 10 months of the year, and not all 12 months)[/quote] Yes, especially considering you've got 5+ more years of this, then there's college and tuition only goes up.[/quote]
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