Anonymous wrote:We're also around $400k and thinking through this question. Genuinely curious how the $200k people are doing this with no aid. We have two kids and tuition for them at some of these places would be roughly half or more than half of our take home pay, unless I'm doing the math wrong. That's a choice we could make but also leaves very little cushion for things like needing a new roof or your HVAC breaking. Definitely no room to save for college and do this.
Anonymous wrote:I was ready to offer some suggestions until I read that OP is “poor” making in the upper $400s. 🙄
Anonymous wrote:Anonymous wrote:In Arlington, the public option schools may meet your needs:
For middle school consider the HB lottery for 6th.
For public high school in Arlington you have rigorous option programs like IB @ WL. If anything parents complain it may be too rigorous. Also, due to enrollment imbalances, transfers between certain high schools are fairly easy this year.
You could also enter into the HB lottery for 9th grade. Or look into Arlington Tech for 9th—it’s a great and very unique program.
For progressive private schools, maybe look into GDS (Georgetown Day School). Or Edmund Burke School. The highly regarded Emerson Institute might have been a good fit but sadly they shut down during the pandemic.
Arlington parents have also paid tuition to DCPS in the past for the Duke Ellington School for the Arts. Of course there is an application process and auditions.
WTF? Emerson was for f**k ups.
Anonymous wrote:Sorry if this has been asked before and I couldn't find it. We're in Arlington and very new to considering private school, because public isn't rigorous enough. We're poor by private school standards (upper 400s HHI), and I hate the thought of my daughters feeling "less than" or wanting designer clothes/cars/etc. to fit in. Catholic school wouldn't be ideal, because I think one of my kids is gay. Are there any schools you'd recommend with a nerdy, quirky, non-1%ter dominated vibe? Or resources you'd recommend for doing my own research? Thank you!
Anonymous wrote:Anonymous wrote:Anonymous wrote:NP - also in 400k HHI range. We have one child who currently is in fifth grade, and he has applied to private middle schools for next year because our public middle school and high school are not very good. Of course he might not get in, but we've applied pretty widely and hopefully will get in somewhere.
Now I'm starting to second-guess the financial wisdom of spending 50k/year for the next seven years. Our mortgage is about $3,900/month. We currently have been saving about $4,000/month outside of our 401Ks. We have about 170k in liquid savings (only recently started making 400k - had been closer to 250k until two years ago).
Is it crazy for us to spend so much money on private school at our income level? We had decided to do it, but now that we'll only have two weeks to decide for sure, we're getting cold feet.
Can't answer this without stating your:
1) total retirement savings
2) parents age
3) 529 savings and savings rate
4) prospect for income increases
5) one or two incomes
6) home equity
Different Poster but I'm having the same thoughts. We just started making in the 400k range and have always been huge public school proponents but after dealing with DCPAS for a number of years am considering private but keep getting cold feet.
I'll provide this info but please don't eviscerate me. I was raised blue collar and never had money growing up so it's a different feeling for me at least.
1. 1.7 mil retirement and investment bt me and my partner
2. Partner and I are 35 and 40
3. 529 savings 60k for 2 kids
4. 2 incomes - 1 can go up, 1 is about maxxed out
6. About 600k home equity
Also can't decide if private school is "worth it". Also, I'm pretty anti-catholic but the closest school is a Catholic school and so trying to negotiate my feelings about that.
Anonymous wrote:In Arlington, the public option schools may meet your needs:
For middle school consider the HB lottery for 6th.
For public high school in Arlington you have rigorous option programs like IB @ WL. If anything parents complain it may be too rigorous. Also, due to enrollment imbalances, transfers between certain high schools are fairly easy this year.
You could also enter into the HB lottery for 9th grade. Or look into Arlington Tech for 9th—it’s a great and very unique program.
For progressive private schools, maybe look into GDS (Georgetown Day School). Or Edmund Burke School. The highly regarded Emerson Institute might have been a good fit but sadly they shut down during the pandemic.
Arlington parents have also paid tuition to DCPS in the past for the Duke Ellington School for the Arts. Of course there is an application process and auditions.
Anonymous wrote:We're also around $400k and thinking through this question. Genuinely curious how the $200k people are doing this with no aid. We have two kids and tuition for them at some of these places would be roughly half or more than half of our take home pay, unless I'm doing the math wrong. That's a choice we could make but also leaves very little cushion for things like needing a new roof or your HVAC breaking. Definitely no room to save for college and do this.