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][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. [b]But the vast majority of people I came in contact with were high networth and if they weren't, grandparents were footing the bill.[/b] 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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I agree.  As a mom of 3 kids who've attended 4 different privates in DC/MD over the past 13 years (K-12), I agree that my guess is that many people are not necessarily paying for tuition out of HHI.  Instead, they are paying out of investments, or the grandparents are paying.[/quote]

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