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Private & Independent Schools
Reply to "What kind of income receives financial aid?"
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[quote=Anonymous][quote=Anonymous]We discuss the worth of private school education all the time. We have a HHI of 500K and pay three tuitions. We have a house, and contibute to retirement, but we have very little in the way of savings beyond that. I think my children are getting a terrific educaton at a top school, and I am wiling to pay for that. I did take advantage of DC public schools for elementary though, and I would not be willing to make this sacrifice for every school in the city. Some publics are better than some privates.[/quote] If you make 500K and you are not saving at all (other than retirement - which to most people is considered saving), then you are watsing money elsewhere and its not the tuition. Even paying $30K per kid, that still leaves you with $400K - way more than most people make. I'd stop blaming private school and re-examine your spending habits.[/quote]
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