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Schools and Education General Discussion
Reply to "Sound off - Ivy grads & high income earners who chose public schools over privates"
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[quote=Anonymous]I think there is a flaw in the question - Ivy and/or >350K HHI. This assumes that private is an affordable choice at 350K income. Granted, we only recently hit >350K HHI (we are around 400K, which translates to under 300K after-tax) but I personally don't feel like private for 2 kids makes financial sense for us. We have no family money, little equity in our (pretty modest) home, drive modest cars (no loans/leases). We earn too much to get any FA when it comes time for college & need to save for that and retirement. Both kids in MCPS/ BCC Cluster. I am a private school grad (Georgetown undergrad, and "public ivy" JD) and would definitely consider private for the smaller class sizes and more challenging education if I thought it made financial sense for my family.[/quote]
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