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Reply to "How rich are private school parents?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our kids go to Sidwell. Our two working parent HHI is about 400; that's total gross HHI before deductions for taxes, healthcare, retirement, mortgage, tuition, etc. Our house is worth about 750. We have no financial aid from the school or grantparents or anything like that; just paying our own way. We consider ourselves really lucky and blessed, and quite frankly successful to be able to pay for an expensive luxury like private school. I think we're about average/median for the school. Plenty of families are far wealthier, but plenty are less fortunate. HTH. Take my opinions with a grain of salt though, because I can only guess at how other families are doing financially. But fwiw, I never have felt out of place.[/quote] This is exactly us.[/quote] Exactly us too.[/quote] similar to us too -- no family wealth, just under 400K for 2 working parent HHI. After many years of private, we are opting out and going back to public. the tuition hikes, combined with opportunity costs and future college costs, have changed the value proposition for us, despite the relative quality of the two education systems remaining the same as when we made the decision back when our eldest was in K. [/quote] Same situation and we're contemplating public too. The tuition increases each year make it harder to afford it, even at 400K HHI (two full-time working parents), with 2 kids in private. We are living frugally, but not able to save much at all.[/quote]
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