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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We made $200K last year and had a mortgage of $330K and about $100K of student loans.  We are in a small private. We have 4 kids - 3 at the school, 1 in day care   $18K a year.

Total tuition was $45K (for all 3), school offered us $17500 off. [/quote]

How in the world will you ever save for kids colleges?  Or retirement?  Since you still have one in daycare, are the others still in elementary schools?  Do you realize the cost of private education gets much higher in HS?[/quote]

We save 5% + matching for retirement. Hopefully, we'll send the kids to public college. We save a little for that too. Our income is also expected to increase.

Our kids are in a religious private school -we know its not a good financial decision for us but its the absolute best place for our children and our family and its worth every sacrifice.  We are also young, so we'll be in our early 50's when the 4th is done with school and have plenty more time to work. [/quote]

You are doing the right thing. I absolutely believe that sacrificing now to provide a happy and healthy learning environment has long-term benefits for children. It doesn't matter whether they end up at an ivy league school as long as their early childhood development is solid. I don't care what people say about how good their public school is, 20-30 kids per teacher is not healthy, not fostering a nurturing environment, and not conducive to learning. For the sake of class size alone, private is worth it. [/quote]

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