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Reply to "How can middle class families send their kids to good private school (middle and high)?"
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[quote=Anonymous][quote=Anonymous]Back to question. Our HHI is $150K, our private runs @ $35K (don't forget extras) and we pay for it out of savings. (Not 401K but other investments). Soon savings will run out so the parent making a lower income is looking for a higher paying job that will cover the tuition expenses. We definitely feel like we are in the minority being truly "middle class" at an independent school, but as others have said, it is worth it. Our child needed the smaller class sizes and now loves school, whereas before DC hated school and I was afraid of the path DC would end up on in a large public school.[/quote] Yes, a two parent household making 150K with only one kid will likely be expected to pay full freight. As a single parent ( no 2nd parent ), making 120K , I was offered 40% FA on 28 K of tuition. DC was in PK so still needed to spend about $1,500 / mos for child care after school , whcih got out at 3pm , plkus more for all those holidays and teacher professional days, summer camp while I worked, etc.. So, earning 120K , I paid $3,300 mos on tuition and child care alone ( school was on an 8 mos payment plan) 150K in HHI would have been a nice cushion for me . [/quote]
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