Reply to What percentage of your HHI goes to tuition?

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Reply to "What percentage of your HHI goes to tuition?"

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[quote=Anonymous][quote=Anonymous]So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M.  [b]I'm not believing people here.[/b]  We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.[/quote]

I think its funny you "aren't believing people." We have been in two different independent privates and are now in high school. I know a few financial aid kids, especially in high school. But the vast majority of people I came in contact with were high networth and if they weren't, grandparents were footing the bill. You are forgetting about generational wealth and things like bonuses, real estate and stock portfolios. You are correct. A lot of people aren't literally making 2 million dollars a year.  :roll:  Also, YMMV depending on the privates you attend, some attract much wealthier families. Not two lawyers. But heirs to the Marriott fortune, Saudi money, and hedge fund and big law.
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