Anonymous
08/29/2020 13:30
Subject: How much do you earn to afford private school?
Anonymous wrote:Anonymous wrote:Anonymous wrote:We send 2 kids to private school on $240k in income. We have the cheapest house in our zip code, have no debt outside our mortgage, and vacation by staying with family or camping in national parks. The hard part is not being able to afford all of the extras that our kids' private school peers have. Our kids don't get the extra lacrosse coaching, the fancy electronics, nicer brand clothes, regular restaurant meals, etc. We have a very good quality of life but live much more simply than our private school peers. It can be done!
This ^^
We realize we don't need much to live comfortable, we are a happy family and we value education more than the "extras". Education is our investment.
Is it a good one? Which would help a kid more in the long run, a private school diploma or 12 years worth of private school tuition that had been growing in a brokerage account?
Who the heck wants to outright give their kid that much money? It will kill their work ethic. No thank you.
Anonymous
08/29/2020 13:23
Subject: How much do you earn to afford private school?
Anonymous wrote:Anonymous wrote:We send 2 kids to private school on $240k in income. We have the cheapest house in our zip code, have no debt outside our mortgage, and vacation by staying with family or camping in national parks. The hard part is not being able to afford all of the extras that our kids' private school peers have. Our kids don't get the extra lacrosse coaching, the fancy electronics, nicer brand clothes, regular restaurant meals, etc. We have a very good quality of life but live much more simply than our private school peers. It can be done!
This ^^
We realize we don't need much to live comfortable, we are a happy family and we value education more than the "extras". Education is our investment.
Is it a good one? Which would help a kid more in the long run, a private school diploma or 12 years worth of private school tuition that had been growing in a brokerage account?
Anonymous
08/29/2020 13:21
Subject: How much do you earn to afford private school?
Anonymous wrote:Apply for financial aid. You’d be surprised.
Someone once suggested that me and I was like, um, how much do you think we make? The answer is 400k+. I wonder where the cut off is...
Anonymous
08/29/2020 13:17
Subject: How much do you earn to afford private school?
400k and we won't for our two kids unless we really, really have to. We're not interested in the social scene and not confident privates lead to better outcomes. I suppose if money was no object we would consider it, for the smaller classes if nothing else.
For our friends that do pricey privates (30k and up) there usually seems to be some family money involved. Like, they know they don't need to save for college or retirement, so they're more willing to spend in the present.
For our friends that do pricey privates (30k and up) there usually seems to be some family money involved. Like, they know they don't need to save for college or retirement, so they're more willing to spend in the present.
Anonymous
08/29/2020 13:03
Subject: Re:How much do you earn to afford private school?
Household income is 200K, we pay 30K/yr for one child. We live in an older cheaper home, drive older cheaper cars, and don't really need to spend much - although even with tuition our incomes allow for a very nice life.
Anonymous
08/29/2020 12:59
Subject: How much do you earn to afford private school?
We make $200k and send one kid to prop. Have for 9 years, back when HHI was more like $120k. We live in a small house in a working class neighborhood. We aren’t using the public schools, so quality of neighborhood school doesn’t matter. Our house is worth $340,000 in a town on the MARC. We’ll continue through high school. Kid is happy, we don’t want for anything, so it works well for us.
Anonymous
08/29/2020 12:53
Subject: How much do you earn to afford private school?
We make 200k and send our 2 kids to private school that costs us in total for both kids 18,000. They were in public k-3 and will stay in private school 4-8, then back to public school. It has has been worth the money.
Anonymous
08/29/2020 12:06
Subject: How much do you earn to afford private school?
Anonymous wrote:We send 2 kids to private school on $240k in income. We have the cheapest house in our zip code, have no debt outside our mortgage, and vacation by staying with family or camping in national parks. The hard part is not being able to afford all of the extras that our kids' private school peers have. Our kids don't get the extra lacrosse coaching, the fancy electronics, nicer brand clothes, regular restaurant meals, etc. We have a very good quality of life but live much more simply than our private school peers. It can be done!
This ^^
We realize we don't need much to live comfortable, we are a happy family and we value education more than the "extras". Education is our investment.
Anonymous
08/29/2020 12:05
Subject: How much do you earn to afford private school?
Anonymous wrote:I went to local privates K-12 (along with my siblings). My family wasn’t rich.
DH and I have a decent HHI ($260), but there’s no way we could afford private.
My high school alma mater is $28k! My grade school is just under $10k. (Both are Catholic privates in MoCo.)
I realize these are comparatively cheap privates in Dcumlandia, so I’m curious how much people earn in order to afford private for multiple kids.
Note: I’m not interested in pre-K numbers. We did private pre-K starting at age 2 until public K. I know it’s expensive, but it’s what people do.
I also know that many grandparents subsidize tuition (I know that’s the case in our neck of the woods).
Worry about affording college, then you can afford k-12. Don’t be one of those parents who sends their kid to private/parochial k-12 and then makes the kid take out loans!!
Anonymous
08/29/2020 12:03
Subject: How much do you earn to afford private school?
You’d be surprised how many parents make relatively small incomes here but grandparents pay for private.
Anonymous
08/29/2020 12:01
Subject: How much do you earn to afford private school?
Our HHI is around 750k. We have three kids. I hesitate to put them all in private school because I am just not sure it’s worth it. We have one in private because of need ( dyslexia) but it’s not a smooth ride at all. We can afford to put three in private, although that is around 100k a year for at least 6 more years. That’s a lot to me and I just don’t know if it’s worth it.
Anonymous
08/29/2020 12:00
Subject: How much do you earn to afford private school?
We send 2 kids to private school on $240k in income. We have the cheapest house in our zip code, have no debt outside our mortgage, and vacation by staying with family or camping in national parks. The hard part is not being able to afford all of the extras that our kids' private school peers have. Our kids don't get the extra lacrosse coaching, the fancy electronics, nicer brand clothes, regular restaurant meals, etc. We have a very good quality of life but live much more simply than our private school peers. It can be done!
Anonymous
08/29/2020 11:51
Subject: How much do you earn to afford private school?
Um, we make $100k less than you do and are trying to figure out how to make it work. Haven’t done it yet, but that’s the plan. Kiddo needs it.
Anonymous
08/29/2020 11:02
Subject: How much do you earn to afford private school?
Apply for financial aid. You’d be surprised.
Anonymous
08/29/2020 10:55
Subject: How much do you earn to afford private school?
I went to local privates K-12 (along with my siblings). My family wasn’t rich.
DH and I have a decent HHI ($260), but there’s no way we could afford private.
My high school alma mater is $28k! My grade school is just under $10k. (Both are Catholic privates in MoCo.)
I realize these are comparatively cheap privates in Dcumlandia, so I’m curious how much people earn in order to afford private for multiple kids.
Note: I’m not interested in pre-K numbers. We did private pre-K starting at age 2 until public K. I know it’s expensive, but it’s what people do.
I also know that many grandparents subsidize tuition (I know that’s the case in our neck of the woods).
DH and I have a decent HHI ($260), but there’s no way we could afford private.
My high school alma mater is $28k! My grade school is just under $10k. (Both are Catholic privates in MoCo.)
I realize these are comparatively cheap privates in Dcumlandia, so I’m curious how much people earn in order to afford private for multiple kids.
Note: I’m not interested in pre-K numbers. We did private pre-K starting at age 2 until public K. I know it’s expensive, but it’s what people do.
I also know that many grandparents subsidize tuition (I know that’s the case in our neck of the woods).