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Reply to "How do people afford it? "
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[quote=Anonymous][quote=Anonymous]We have a HHI 300K, one child and go to private, but in NYC. We receive substantial FA. There is no way we could afford full pay mostly because of our mortgage and a HELOC that is a horrible rate. Stop listening to people that are telling you what you can and cannot afford. Apply to a top school with a large endowment. Put down ALL of your expenses. Your issue however is going to be the substantial equity in your house. Not sure how you get over that hurdle. The only thing I would say is that the rates are ridiculous now but you still have $750k in equity. [/quote] they could follow your lead and take out a HELOC and then cry poor [/quote]
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