Reply to What percentage of your net income goes to tuition?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]3 kids, 37% of take-home pay. Mortgage is 25% of take-home. Ouch.[/quote]

You simply cannot afford private school!  My god, look out for your financial future and stop this foolishness.[/quote]

You don't know this poster's full financial picture.  Tuition is approximately 33% of our take-home pay (after retirement deductions, etc.).  Our mortgage is approx 24%.  However, we have close to $2M in savings and home equity.  Our HHI is just part of the picture.  [/quote]

The "ouch" sums up whether or not this PP could afford it.  BTW, I'd say that even with $2m in savings and home equity, you also cannot afford it at these percentages.  Home equity is not fixed (the last few years should have proven that to everyone) and depending on your age that amount won't sustain your ability to pay for college and safely fund a retirement.

Our savings is about what you claim your is but I would not put kids in private if it meant 33% of take home pay.  That's just nuts.[/quote]

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