Reply to Winning the lottery and paying for tuition!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Sorry people, but if you live in DC or the close-in suburbs a $900K/$1M house is not that luxurious.  We live in a 4 bedroom, 2.5 bath 1,900 square foot home in a modest neighborhood.  Nothing fancy, original kitchen and baths from 40s, no second home, no boat, etc and we struggled with big tuition ($35-$40K).  Cutting our mortgage in half and moving to an unsafe neighborhood or an hour commute from school and work would still not save enough money to send both children to private.

You don't seem to get it - being upset about not being able to pay the high cost of private is not "whining", having misplaced priorities, or acting entitled.  I am not saying other options (public or parish) are bad - just expressing disbelief and outrage that the[b] ever increasing tuition has become so outrageously high that 99% of the population can not afford to pay without assistance of one form or another[/b].  These schools needed to be called out, as they are no longer for a broad range of children and families (as they used to be) - now they are for the uber wealthy (top 1% - $400k and above) and low income.  A huge percent of the population is cut out. Maybe schools should put some energy into diversifying their socio-economic population.

And were is all that money going?  People should be outraged!  Every year tuition goes up about $1K.  If there are 400 students, that is a $400,000 raise every year!  Wish I got that raise or a quarter of that raise every single year!

Just saying things are getting out of control and the top privates seem to have lost their sense of reality when it come to tuition.  $41K for 4th grade is a little crazy, especially when you know it goes up every year and by the time the 4th grader graduates tuition may be $50K per year.  That's approximately $100k a year pre-tax per child.  Soon even the 1%ers won't be able to afford it![/quote]

We are nowhere near the 1% and yet we are full pay with one in private HS and another on the way. In order to make this happen, we were strategic with a long-range plan. First, we never moved from our starter home (which is incredibly well located but on the small side for DCUM land). Second, we limited ourselves to two kids because we knew we couldn't pay for three tuitions. Finally, we thought long and hard about the best way to combine public and private. For us, it made sense to use the public schools through middle school and then transition to private for HS. Private school is doable for the less than 1%ers but it does require trade offs. [/quote]

What is your HHI and how long were you saving for private before your first child started private? 
[/quote]

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