Reply to Making $220K - any chance for FA at DC Privates?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Op here - thanks for all the comments and insight everyone. Yes life is about choices that is for sure. We feel (rightly or wrongly) that high school is the most important and so wanted to be sure we could afford private when that comes around. Of course we'll be saving for college as well. I just don't feel comfortable with our savings being so depleted while starting down this path. For folks who spend the vast majority of their income on private school can I ask how much you all have in emergency savings? [/quote]

Our HHI is $180K. We have 2 in private (total $30K in tuition) and one with a nanny share ($18K in cost). We dont get any aid.  We applied last year when DH was changing jobs and got approx 10% off of the tuition. Our mortgage is $2100 a month ($350K mortgage in a $460K house in SS), we have no other assets, and our savings (other than 401K) is approx $32K (savings and investment account).  We save very little for college, figuring we'll pay for that when we stop paying private tution and deal with loans and/or scholarships when the time comes. [/quote]

I should qualify my respojnse that we didnt apply for aid this year. We felt like we could pay it, even though it left zero wiggle room in the budget and virtually no savings.  It turned out that DHs job is not quite as lucrative as we thought and we are struggling.  We will come back to them in the fall when #3 is in preschool at the same place. I am hoping (and fairly confident) that they will work with us. Best part about a religious private school is their willingness to help families who show need and desire to be there. [/quote]

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