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[quote=Anonymous][quote=Anonymous]How will you manage when it's time for the third one to go to private school, and tuition hits 3500/month?[/quote]

Between tuition and nanny share, we will be paying more than $3500 in childcare this coming year. Tuition for 3 might actually be cheaper. We also expect DHs salary to double in the next few years (from $100K to 200K).

Regarding retirement, we just arent that concerned. Between our pensions and 401Ks, we are confident we will have what we need and dont plan on retiring the moment we have the chance, but rather when we either cant work or no longer need the income. Also, by retirement age, our house will be paid off and tuition will no longer be an issue (college included). So with our major expenses gone, we can live on a lot less than we do now.

Many parochial schools have a vested interest in all children receiving a religious education so the financial aid is there for families who might need a little help, like us who will just need a 10% break, even though our HHI is higher than what might typically be seen for financial aid.  Our school tries not to turn anyone away for lack of financial means. Non-religious private schools dont have this same interest and therefore financial aid is a very different process.

Also, our school has a certain amount of money built into the tuition (I am told is is $3-4K) for financial aid, so it may only cost $10K to educate the child, but they charge additional to cover the costs of other kids who cant afford it. Asking for a $1-2K break only means I am giving less to scholarship money, not requiring someone else to pay my way.

Ultimately, DH says we should offer to pay as much as we can and figuring out our savings is on us. I suppose if we experience an emergency that affects our ability to pay, they will work with us at that point.[/quote]

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