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Private & Independent Schools
Reply to "How do people afford it? "
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[quote=Anonymous]OP, too many replies for me to check to see if this has already been said. For heaven's sake, don't liquidate your home savings to pay for private school. Because of my husband's income, our HHI is $550K-$750K and if I weren't an employee at a top private getting tuition remission, I wouldn't sell assets to send my kids to these schools. (We get the remission but not any additional financial aid, of course.) Yes, these schools are wonderful and your kids will benefit. But it shouldn't be at the expense of your financial security. Your income isn't at all high considering it will cost $200K pre-tax to send two kids to school -- every year for many years. Enroll in a public school, supplement with tutoring, experiential learning and travel, and great summer programs. And get to know all your children's friends parents especially in the teenage years -- because stuff flies under the radar at publics more easily than in small private schools. You'll get the same result, minus the obnoxiousness of saying "top 3." [/quote]
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