Anonymous wrote:Wow. We are a preschool family with two kids considering private because our local ES is huge. If we go private, it would cost us 30% of our HHI for both kids — and more if we send them to a top DC private.
We make $350k combined. We have $2.5M in investments and a big mortgage ($1.3M), though at a very low interest rate.
Would we qualify for financial aid, I wonder?
Anonymous wrote:Anonymous wrote:About 5% for 3 kids, and we have 7 figure HHI. We also have one in college.
I am always astonished at how much wealth there is at our k-8. Our family is doing well and have all the visible signs of a high income (large home, luxury cars, nice vacations, etc), as do many of the families at our school. I assume all of them are making 7 figures, too, or else I have no idea how they can afford it. It’s still an amazing concentration of wealthy families.
Generally this thread is reliable, but I call BS on this post. There are many families that do have a 7 figure income at our private, and many who don’t, but NONE of them use the jackass language that you just did right now. Just saying.
Anonymous wrote:About 5% for 3 kids, and we have 7 figure HHI. We also have one in college.
I am always astonished at how much wealth there is at our k-8. Our family is doing well and have all the visible signs of a high income (large home, luxury cars, nice vacations, etc), as do many of the families at our school. I assume all of them are making 7 figures, too, or else I have no idea how they can afford it. It’s still an amazing concentration of wealthy families.
Anonymous wrote:We pay $125k/year to send one to a $35k HS and the other $90k Ivy, full pay.
A helluva lot goes to tuition!
Combined HHI $480k.
We do have very healthy retirement accounts, a paid off first home and almost (3years) from paid off primary home. Drive Japanese cars.
Anonymous wrote:Anonymous wrote:So are there some cheap schools or is everyone making $1M+. If tuition is 50k/yr and you have 2 kids amd that is 5% of income - as many here claim - then you make $2M. I'm not believing people here. We make 800k with 2 kids - 13% - and no, we're not stretched - we know how to budget our money.
I think its funny you "aren't believing people." We have been in two different independent privates and are now in high school. I know a few financial aid kids, especially in high school. But the vast majority of people I came in contact with were high networth and if they weren't, grandparents were footing the bill. You are forgetting about generational wealth and things like bonuses, real estate and stock portfolios. You are correct. A lot of people aren't literally making 2 million dollars a year.Also, YMMV depending on the privates you attend, some attract much wealthier families. Not two lawyers. But heirs to the Marriott fortune, Saudi money, and hedge fund and big law.
Anonymous wrote:This thread is interesting, although not necessarily the bragging about how negligible the cost is. Sure, we know there are some families making bank, but most of those comments just make my eyes roll.
Our kid is at one of the more expensive schools. Tuition + bus is about 27% of our income. We get about 10k in financial aid, for which we are grateful.