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Private & Independent Schools
Reply to "How.do you afford private school? Any suggestions? "
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[quote=Anonymous][quote=Anonymous]We switched from public to private for HS. All in, it will be about 175K for private HS for two at a well regarded Catholic HS. Having made the switch, I wish we had done it sooner. We also moved to be closer to school, and that wasn't inexpensive either. I think the thing with private schools is you have to be poor enough to get a lot of FA, or wealthy enough that having multiple kids in school at the same time does not sink you financially. So you either need to be 100K or less HHI, or 400K plus HHI. [/quote] So true. Our HHI is $355K per year (with 2 parents working full-time), and we spend $7600 per month on tuition (total for 2 kids), for 10 months of the year. It means we live in a very small house (which I increasingly hate) and drive old cars. After saving for retirement and paying the mortgage ($2800/month), saving for college, and paying for food/electricity/gas/phones, there is not much left.[/quote]
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