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Private & Independent Schools
Reply to "How do people afford it? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our oldest and their spouse make the same as OP and sent their kid to public elementary school EOTP. After concluding reluctantly that the local middle and high schools weren’t viable options, they started playing the lottery and applying to privates. It was the last thing they wanted to do because they really didn’t want their kids going to school with a bunch of rich kids, plus they honestly didn’t want to put such a huge dent in their lifestyle. There are lots of things that can be done with kids with that kind of money that can benefit their growth just as much as private education. Long story short, their kid got into several well known privates in DC but with virtually no financial aid. One very good school upped their offer to $10k in the end, but that still left a price tag of $40k plus and would only go up and they didn’t want to pay it. In the end, they sweated through the lottery and landed at a good option. We have a lot more money than they do and we are very close with our grandkids. They never asked us to help and we never considered it. I think they knew we shared their [b]philosophical revulsion at the idea of elite private schooling[/b] and also knew that we knew it was their choice entirely to live in the school district where they do. [/quote] Move along…[/quote] NP. It’s philosophically revolting yes. And if I were a parent who had to rely on my parents to pay my child’s private school tuition I’d be embarrassed. [/quote] Not embarrassed in the least. The parents told us that they didn’t want their money just sitting there when it could be put to good use. They paid for every tuition, every summer program, every activity. They put money in an irrevocable trust every year so all we had to do is send the bill to the trustee (a lawyer) and he would send the money to the institution. About $80,000 each of them every year. If they hadn’t done it, fine, the kids would get by with less. But they wanted to. They retired early and we had a great relationship with both sides. No embarrassment at all. It’s family and we take care of each other in different ways. [/quote] Sounds like the taking care is all going one way! [/quote] Ha! I bet they "take care of" them by inviting them on fancy family vacations that they also fund...[/quote]
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