Reply to Do you make $400,000 a year but feel broke?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Who's mandating the 100k savings?  Look, I paid 36k per year in childcare costs making much less than 400k. We had to cut back savings to do that. Choices. You don't get to save that much and tell the school to work with the remainder. This is bizarre. [/quote]
I don't think there's any dispute about paying $36k, even on much less than $400k.

Let's take the other extreme - four kids on $400k for a family with no wealth.  Do you really think any rational person would pay full freight x 4 at that income level?  It would be a choice between ending up with no savings at all (even assuming a frugal lifestyle) - possibly not even 401k funding - or saving $100k+.  Financial aid policies are generally set so that every family can make a rational decision to attend, which would not be the case in that example.  If a school in that circmstance says "we're going to ask you to pay $80k so you can save $20k," you really find that offensive?[/quote]

The school can do what they want.  I will think you are a moron if you make $400k and are broke, whether that's because you are choosing to put 2 or 4 children through an expensive private school (they're not all $30k, even in this area), or saving too much, or not enough, or buying too much house, or too many cars, or whatever.  At $400k, if you're broke, you're a financial moron.[/quote]

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