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[quote=Anonymous][quote=Anonymous]my DH and i bring in $350k per year. we have 2 kids (4yo and 5yo) and we wanted to send them to private school in DC. i just looked at private schools such as Sidwell and i was shocked when realized that tuition is 35k. does any one here in DCU forum have similar income and sends 2 kids to top private. if yes how do you do manage to find 35K per kid in your budget? i am assuming financial aid is not available to people with 350k income. [/quote] You have two hurdles. Acceptance and payments. It will be tight if you decide it is the priority for your children. You do not reveal your current costs- based on your post it will require downsizing or steep drops in savings. Where are your kids currently? If they are not in the usual feeder preschools, the acceptance hurdle is even higher. Do you like nice vacations? Do you like cars that cost more than $30k? Do you want to retire? Would you like to pay for your children's college? Are your jobs and their income very secure? I am risk adverse. We chose a smaller house with great commutes and great public schools. We drive smaller less costly cars. We have retirement and college covered and are close to paying off house. We have had some nice vacations. I like to spend on local fresh food. We have seen very secure jobs vanish overnight - I sleep better at night knowing we have things covered if it happens again. [/quote]
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