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Private & Independent Schools
Reply to "When will Private Schools' bubble burst ?"
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[quote=Anonymous][quote=Anonymous]I don't know the answer, but I hope you're right. We're a $350k HHI family with 2 kids in private and feel like it's a struggle to pay tuition every year. If it goes much higher, we won't be able to do it anymore. [/quote] I ask this genuinely, so please don't flame me. We have a HHI of about $165K. The only debt we carry is our mortgage and one car loan. We pay off credit cards every month, max out our retirement investing, and usually have a little bit left over. We would not be able to afford independent school tuition. But if we suddenly doubled our HHI into the range you are, we could easily make it work. So what makes it difficult for you? What are your monthly expenses? What's your mortgage? I'm trying to get a better sense of your position since in addition to being a parent, I'm also an independent school teacher and recognize that I live a very different life than most of the families we serve. Thanks.[/quote]
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