Reply to Can two fed govt job family afford to send two kids to elite private school?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Good gravy, there are scads of pricey private schools in the Washington area. If so many people think $300k is not sufficient HHI to have the kids go to these schools, how much is needed?  $500k HHI? $1 million? [/quote]

We make over $400K and would have to seriously change our standard of living to spend an additional $5K a month on private school. We save a bit more than that each month, but who wants to live that close to the line?[/quote]

I completely agree with you.  It is simply crazy to me that people will struggle to pay $60k a year on private school when we live in a region with some of the best public schools in the country.  Unless and until something goes wrong at our local public school, or I feel that my child has issues that require private education, I simply can't rationalize that outlay year and after year.  Of course, if 60K was nothing but a drop in the bucket because I made 1 mil a year, then paying for private school would be a no-brainer.  [/quote]

Not to mention the 60k isn't necessarily a good investment.  There are tons of morons that graduate from private school.  Your 60k a year would be much better invested in a home in a good school district.  You'll at least have equity in it after 12 years of mortgage payments.  There are also other ways to educate your children outside of school.  What about trips to Europe, traveling in the US, language classes?  You won't be able to do that if you privately educate.  [/quote]

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