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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We make $400k and pay $47k for one child.  It's painful and we often wonder what the heck we're doing. Also--tuition goes up by $1500-3K a year.  Most schools had a reprieve in tuition increase this year due to Covid but I'm sure a large increase is coming next year for all schools.   Also, various fees and many donation requests (we donate small amounts) tack on another few thousand per year.  
Our income level is pretty rare at the school. [/quote]

That’s under 12% of your annual income, which is pretty reasonable.  I’m having a hard time understanding how that is a hardship.  [/quote]

400k income is rare?

Are you implying that it is in the richer side or poor side of the average.

We make 7 figures and sometimes look around and feel poor compared to some of the parents in our school.[/quote]

I'm the poster you replied to.

Rare as in poor.  At 400K we are definitely income for this private.  Which is crazy of course as we are upper middle class in any other context.  But the wealth at the top privates is insane as you too (feeling "poor" at 7 figures) can attest. [/quote]

Same. Over $420k HHI, one kid, feel on the lower end money-wise of our private school environment. Which is ridiculous - the good news is we could care less about keeping up with the Jones’s. We’re there because the schools our DC is zoned for all stink and we want DC to have a great education (that by the way, we didn’t get - no legacy or family money here nor grandparent help). [/quote]

We are around this range — about $450 but have two kids. They are young (4 and 1) so I’m hoping we can save, grow our incomes more, and have enough in 529s to put some toward K12 by the time they get a bit older. Right now, I just can’t justify the $30k+ schools especially with our mortgage (my parents live with us, so we have a larger house than many in the area). We are looking at smaller parochials for K-8 now but hope to be able to afford independent Catholics or privates for high schools. We have no family money or other assistance. [/quote]

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