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[quote=Anonymous][quote=Anonymous][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]

I'm the person paying $47K.  I think it's painful in large part because this kid transferred from public school.  We have two other kids in public school.  The $47K school is very very, similar to an excellent public school (in our case upper NW elementary and middle school).  The main difference being the name and the prestige.  The schooling is almost identical which surprised me and continues to surprise me.

Also, you don't think that $50K on a $400K pre-tax income is a lot of money?  If I posted on here that I was buying a $50K car each and every year you'd all think I was insane and I'd be mocked.  It's a significant amount!  [/quote]

It sounds like you think it's a lot in part because you're not hugely impressed with the school.

Also, no -- buying a car is very different than investing in your kid's education.[/quote]

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