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Private & Independent Schools
Reply to "Winning the lottery and paying for tuition!"
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[quote=Anonymous]There are a few $40k/year independent schools and there are many more $10-12K parochial or church-based schools and the vast majority of public school parents are very happy with their children's education. Everyone has choices, but not everyone has the same choices. What's possible depends on your life stage - if you have children at 25 is different than when you have your kids at 35 or 40. And, it makes a huge difference whether you have an only child or two or three or more. Affordability among people making over $250k/year is very subjective and a matter of your own priorities. You're incredibly fortunate if you never have to every worry about making ends meet and have a sense of professional and financial security. But, whether you can afford a house in Cleveland Park or Chevy Chase is another matter. I have a nice house in a great neighborhood, but it's not whats in the shelter magazines or HGTV. We never think we can afford a new car. But our administrative assistants have newer, more expensive cars than we do. If it is a high enough priority, the 2% certainly earn enough to afford private school, but the trade-offs may not make sense to most families. If you're a 35 year old doctor who can't afford private schools because of your loans, why didn't you work on an Indian reservation or move to an underserved area with the National Health Service Corps? You made a decision that was right for you and that decision has other ramifications. We can't expect sympathy from anyone except those making more than us and they aren't ever very sympathetic to us ne'er do wells. [/quote]
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