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Private & Independent Schools
Reply to "How do people afford it? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We have 3 in private (40-50k each) and 375 HHI and we make it work… it’s a lot of money, but so far it has been more than worth it. Our income will likely increase to 400 in a year or two and our mortgage is 3.2k/month[/quote] I'm trying to do the math. 375k income, approx 135k in school fees averaged out. You are spending most of your post-tax income on school fees? [/quote] One school this year is 38k, one is 42 and one is 50k. Next year will be 43, 43 and 55 I think. But next year our income will go up by 25-40k… Yea, we pay all of that. We applied for FA in the past and did not qualify because we own too much real estate (rental income is included in the math).[/quote]
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