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Private & Independent Schools
Reply to "Private school -- what portion of income are people spending?"
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[quote=Anonymous][quote=Anonymous]We are the exception to the rule, but our $50,000 tuition a year makes no impact on our financial situation as we are high net worth. But I grew up LC so I do wonder about people that sacrifice retirement and travel for private school. I’m not sure it’s worth it. In particular, I would do public elementary till 4th, at least. If you are in APS or Fairfax.[/quote] We also have about $60K in tuition and it hasn't really changed our financial situation either. We're still saving for retirement and college. We travel and do what what we want without regard to cost most of the time. One of our kids has learning disabilities so private was really needed for the extra attention. We also already have one kid in college but we have the completely covered already (some will actually be able to roll over to the younger kids). Tuition is about 8% of income. [/quote]
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