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Private & Independent Schools
Reply to "What HHI for financial aid?"
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[quote=Anonymous][quote=Anonymous]Also, anyone making $300k and looking down on the offer of a 20% discount as not enough can gtfo. [/quote] I’m not the pp, and their comment was certainly ungrateful, but let’s do the math. Assume both parents work. $300k is about $160k after taxes. Let’s say a $5k mortgage escrow payment (including taxes and insurance). Now we’re at $100k. Let’s say they have 2 kids. Now we’re at about $8k a month for food, clothes, car/gas/insurance, utilities, etc. it gets very very tight, and not enough for one $35k a year private school, let alone 2. $300k sounds like a lot, and in Iowa it is, but with 2 working parents in the dc area…[/quote]
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