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Private & Independent Schools
Reply to "How do you afford private school?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We make $400k and pay $47k for one child. It's painful and we often wonder what the heck we're doing. Also--tuition goes up by $1500-3K a year. Most schools had a reprieve in tuition increase this year due to Covid but I'm sure a large increase is coming next year for all schools. Also, various fees and many donation requests (we donate small amounts) tack on another few thousand per year. Our income level is pretty rare at the school. [/quote] That’s under 12% of your annual income, which is pretty reasonable. I’m having a hard time understanding how that is a hardship. [/quote] Seriously. We make $336K, and will likely be making around $350K once our daughter starts kindergarten. We had one kid in part to be able to have flexibility around schooling options. Paying $35-40K/year for private school will be fine for us. Right now, we pay $24K for private preschool and it's really not a hardship. PP, are you overpaying on other things? How is private school painful for you to pay for? Also, when you say "rare" do you mean that you feel poor at your school? [/quote]
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