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Reply to "At what income level is it a no-brainer to go private? "
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[quote=Anonymous]We are slightly below your HHI - income is 1.2/1.3M a year, and even if private was what we thought was best for all three of our kids (1, 3, and 5), we don't view it as an easy decision. As a pp said, our take-home income is 600-700k (most is taxed in multiple jurisdictions including major amounts due in DC, NY, & CA). Our friends at Cathedral/Sidwell say annual school payments are well over 60k with technology fees, trip fees, etc., and we aren't comfortable with 1/3 of our income going to schools. The biggest unknown is whether our incomes will keep up with annual 4-5% tuition hikes, because that 1/3 could quickly get worse. We are starting our kids at our public elementary and then re-assessing in a few years.[/quote]
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