Reply to HHI to send 2 kids to private w/o FA?

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[quote=Anonymous][quote=Anonymous]I am hoping to revive this thread.

Our HHI is $335,000 per year (both DH and I working full-time).  We each earn approximately 50% of that amount.  We have 3 kids (ages 13, 10, and 5).  We live pretty frugally -- small house with 1980s kitchen and bathrooms, cars are from 2003 and 2007.

Our 7th grader (age 13) recently switched from MCPS to private school, where we pay $38,000/year.  So far we are pretty pleased with the experience.

We would like to give our 10-year old that opportunity to attend private school starting in the fall of 2017, but figure it will be difficult to have 2 kids in private at the same time (and our 10-year-old is happy where he is in MCPS and doesn't care about switching to private anytime soon.)

Does anyone else manage to pay full tuition for 2 kids ($38,000/year per kid x 2) on an HHI of approximately $335,000 per year?  What's your budget like?

We figure we cannot qualify for financial aid and wouldn't feel comfortable applying for FA because technically we could afford the tuition.  (Having said that, my dream is to be a SAHM and would do so if I thought we could get FA on my DH's salary of $165,000/year.  I just figure that the schools insist that the parents both work?)

(We think our finances are in OK shape.  In our case, thanks to the grandparents, each kid has approximately $200,000 in his college fund, which was unusual because the grandparents are very frugal and we had no clue that they had this kind of cash to give because they have always lived so modestly.  Our retirement funds are in decent shape, but could be a bit better.   We try to max out our 401(k)s because we each get a match of about 9%, which is about $15,000/year.  If we did not do private school, our priority would be to save and invest the money and watch it grow, rather than get a nicer house even though I would really like a nicer house.)

Thank you for any advice that similarly-situated people may have.

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The school does not insist both parents working but I would imagine it is harder to get in on substantial aid.
Does your child or children fit that different profile?

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