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Private & Independent Schools
Reply to "What percentage of your net income goes to tuition?"
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[quote=Anonymous][quote=Anonymous]To 10:03 - well, the house was totally underwater for the past few years and just now would be break even, so moving hasn't been an option. But the other reason is that because we live in a small house in a bad school district it is really inexpensive. To move to an equivalent house in a really good school district (i.e. equivalent to the independent school DC now goes to) we'd have to spend an extra $300,000. That just happens to be the amount of money we'll spend on DC's tuition for 12 years. So we can buy the education directly via independent school, or we can buy it indirectly through the public school system. Since we really, really love the school and like our neighborhood just fine it doesn't make sense to move. In no world do we get a large lovely house and a great education, because we aren't well off enough to buy in those neighborhoods. Short answer? Its complicated.[/quote] Indeed. There's other problems, too. What if the public school district you paid so much to access isn't a good fit for DC? After 12 years of education are done, do you want to be sitting on the larger, more expensive, higher tax house? Obviously there's a tipping point, but I'd rather stay the small house I like in a medicore school district, pay for private for a limited stretch of time, and stay where I am. That could change. But for now that's our approach.[/quote]
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