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

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[quote=Anonymous]Thanks to those who have posted.

I was hoping that, with an HHI of $350,000, we should be able to afford to send 2 kids to private school (total of $78,000 per year in tuition).  But I'm realizing it's not realistic.  It takes both DH and me working full time to earn that, which means we still have expenses for a sitter to be with them after school (mainly to drive them to activities and oversee homework).  And we even have a small mortgage because we have a small house that we bought in 2002 in Bethesda (BCC cluster, not Whitman) where the schools are decent.

I recall someone posting on a thread last year about how to pay tuition of $70,000, you basically have to earn $150,000 just to pay the tuition (after taxes).  I thought that was a helpful way to look at it.  It made me realize it was not realistic for us to go private for both kids.

We haven't considered applying for FA because I figure we would be rejected (and should be rejected) because we technically can afford it if we don't save for retirement, etc.  (We're lucky to have gotten grandparent help and so don't need to save for college.)

Still wish we could send both kids to private!  I even contemplated borrowing from my 401(k) to pay tuition, but then came to my senses.[/quote]

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