My child goes to Washington Yu Ying Public Charter School

Anonymous wrote:My husband makes $250k as a local professor but we use public. We simply don't have $60k for 2 private tuitions. His colleagues who use private often have grandparents pay (I can think of 2 families off the top of my head). Friends of ours who have two kids at Sidwell (dad is a professor and mom makes about 120k/year) live paycheck to paycheck. As in, they don't buy food the week prior to payday because they often have an empty checking account.

Not being intrusive about your personal situation, but I think in many cases, the local professors' incomes are likely supplemented with a spouse's income (I know cases where both work, and where only the academic does). Perhaps your friends have other big expenses in house payments and the like. Because, on these boards, many individuals have declared their HHI to be less than 100 K , or MUCH less than 100K, and go to private school, using Financial Aid, Loans, Grandparents, relying on cheap cars, skimpy or no vacations, etc.

Mine go to Potomac.

Mid-career law profs at good schools make >200,000. With two incomes, private school is certainly affordable. My colleagues tend to send kids to either to the good MoCO public schools or to the more progressive privates. (That is, more GDC than STA, etc).

My husband makes $250k as a local professor but we use public. We simply don't have $60k for 2 private tuitions. His colleagues who use private often have grandparents pay (I can think of 2 families off the top of my head). Friends of ours who have two kids at Sidwell (dad is a professor and mom makes about 120k/year) live paycheck to paycheck. As in, they don't buy food the week prior to payday because they often have an empty checking account.

I thought we were taking about economists. Many have good outside opportunities, even if they're not household names, and yes, many teach exec ed, at least until other offers come along.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:That's not where the tuition money comes from, even or especially for the "supernovas." It's the executive education, speaking fees, consulting, book contracts, etc.

300000 salary per year is not enough for a professor to send their kids to private school, which runs 30000 a year? you don't make sense, thank you.

You misread 11:49's post. Only a very few "supernovas" pull in $300,000/year. Economists earn more than many profs because of the consulting opportunities. And please find some manners somewhere, unless you're the bigot from above, in which case I'll have to assume you're just a troll and now I'm sorry for responding.

-- not 11:49

I am neither of those posters, but the statement that "that's not where tuition money comes from" suggests that without the extra gigs, there is no possibility of tuition money "even for supernovas" (who apparently make 300K a year). So it does sound like without the extra gigs, there would be no tuition money.

But sheesh, everyone on this forum should obtain some writing manners!

Anonymous wrote:That's not where the tuition money comes from, even or especially for the "supernovas." It's the executive education, speaking fees, consulting, book contracts, etc.

I don't think that is quite true, well it is a gross generalization anyway. A very small fraction of professors are big shots enough to be called for giving paid speeches (how many can you name?), and executive education is not staffed by regular faculty, but by adjuncts. I know because I taught at the KSG (and take a look at theirs, or Columbia's, or other Exec Education programs, including say Johns Hopkins in DC). Consulting too comes to only the big names, and it is probably concentrated in very few disciplines like Economics, Business, Law. I do not think English Professors, or those in History, Anthro, Geography are making cash out of consulting. Where are they consulting?!

Anonymous wrote:

Anonymous wrote:That's not where the tuition money comes from, even or especially for the "supernovas." It's the executive education, speaking fees, consulting, book contracts, etc.

300000 salary per year is not enough for a professor to send their kids to private school, which runs 30000 a year? you don't make sense, thank you.

You misread 11:49's post. Only a very few "supernovas" pull in $300,000/year. Economists earn more than many profs because of the consulting opportunities. And please find some manners somewhere, unless you're the bigot from above, in which case I'll have to assume you're just a troll and now I'm sorry for responding.

-- not 11:49

Anonymous wrote:That's not where the tuition money comes from, even or especially for the "supernovas." It's the executive education, speaking fees, consulting, book contracts, etc.

300000 salary per year is not enough for a professor to send their kids to private school, which runs 30000 a year? you don't make sense, thank you.

That's not where the tuition money comes from, even or especially for the "supernovas." It's the executive education, speaking fees, consulting, book contracts, etc.

Anonymous wrote:

Anonymous wrote:In re profs' income and wealth, it depends on what field they're in. Business professors make a lot more than English profs. Also it depends on what school they're at and where they are in their careers. A star researcher who is on the verge of being hired away from a research university with deep pockets can get a substantial raise.

But a tenured prof at small lower level teaching oriented school -- don't hold your breath.

Also some profs have inheritance they can tap.

Median salary for a professor at my stage in my field: $62,000.

Definitely huge variation across fields. In economics, a *starting* salary at assistant professor level is between 85 and 100. Many, many economist professors are making about 200K, and the stars in the mid- to high 200Ks, and the supernovas in the 300s.

By the way, most of these salaries for public universities are online. You can check them out.

Two Georgetown professors' families we know have their children at NCS and St. Albans, one had a child at Sidwell in 2010-11 (I think graduated now), and at least one has a child at WIS.

I'm a prof with kids in a private school. But by far, far, far the majority of my colleagues with kids send them to public school. It is about cost, for most. But many who could afford private are believers in public education. And some of the top paid faculty simply believe the magnets are the best place for smart kids.

The think-tank folks mentioned above often have other sources of income, and also are more like the professional lawyer class in town than they are other professors. That to me explains why I see so many think tank kids at privates.

Anonymous wrote:

Anonymous wrote:Gonzaga, Visitation, Our Lady of Mercy (Potomac), Holy Trinity

Hah! Christian colleges, maybe. I don't think you find many religious people at proper colleges.

What a bogus statement.