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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If staying out of public school is that high a priority, I would look into parochial schools, which are typically a fraction of the cost of other private schools.[/quote] Reducing the private school tuition is an idea to consider if public isn’t an option. We pay $2000/month for parochial school in NoVA for 4 kids, so $2000 for 1 seems pretty high (unless it’s for special needs then please disregard).[/quote] Another option I wanted to suggest, look at bigger, international schools. If kids are bright, they might be able to offer generous financial aid package. [/quote] [b]A household making $140+ will not get any financial aid. There may be exceptions, rare. [/b][/quote] Depends on the cost of the school, age of the parents, and the burden of medical expenses on the family for need-based financial aid. Also private schools often adjust for COL in their aid packages. I'd expect that income level to come in around 35K-40K expected family contribution. So no financial aid if in-state school, but some if private. If they're already cash flowing 24K to private school each year, that means they need to come up with 11K-16K a year from savings. So the total 529 investment should be 44-64K. Rough estimate puts that at 270-380 month if they have 14 years, don't want to take any loans and assume investment appreciation roughly equals college cost inflation. And if they can't do that, 24K cash flow alone would pay a chunk of most in-state public schools.[/quote]
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