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Question about Private School Tution
Posted on 1/26/16 at 2:26 pm
Posted on 1/26/16 at 2:26 pm
How do middle and upper class white families in BR afford tuition for 3 kids and then lead an upper class life? They have the two story house, two cars (SUV) , and yearly vacations, and all kinds of toys.
Alot of Asian families in BR send their kids to public school and then live more modest lives. IDK about black or Hispanic families. What is the math behind this? What kind of jobs are they working?
Alot of Asian families in BR send their kids to public school and then live more modest lives. IDK about black or Hispanic families. What is the math behind this? What kind of jobs are they working?
10
Posted on 1/26/16 at 2:31 pm to Boo Krewe
Paycheck to paycheck, credit card debt, grandparents, etc.
When you find out, you let me know
When you find out, you let me know
This post was edited on 1/26/16 at 2:33 pm
Posted on 1/26/16 at 2:34 pm to Boo Krewe
most of the parents of kids in class with mine are small business owners, professionals(attorneys, CPAs, Drs, etc) or just have family money
ETA: we sacrifice in other areas to be able to afford tuition
ETA: we sacrifice in other areas to be able to afford tuition
This post was edited on 1/26/16 at 2:35 pm
Posted on 1/26/16 at 2:38 pm to Boo Krewe
If they were living more modestly, I would say sacrifice.
For the ones you mention, they are either in debt over their eyeballs, or paying with family money. Baton Rouge has a metric ton of old money.
For the ones you mention, they are either in debt over their eyeballs, or paying with family money. Baton Rouge has a metric ton of old money.
Posted on 1/26/16 at 2:50 pm to LSUFanHouston
Pretty sure it's family money.
I'm jelly lol.
Have a buddy of mine whose downpayment for his house will paid by his grandparents.
I'm jelly lol.
Have a buddy of mine whose downpayment for his house will paid by his grandparents.
Posted on 1/26/16 at 2:50 pm to LSUFanHouston
Not in Baton Rouge but in Houston.
We've decided to pay for the extra expense of private school versus college. One or more may not want to go to college, at least this way a solid foundation was built.
We've decided to pay for the extra expense of private school versus college. One or more may not want to go to college, at least this way a solid foundation was built.
Posted on 1/26/16 at 2:57 pm to Boo Krewe
I wonder about a fried of my wife in BR. A couple of years ago, she had 4 kids in private school. Has a good sized house, a few vehicles (kids on insurance). Wife does not work, husband is an engineer.
Posted on 1/26/16 at 3:08 pm to WPBTiger
Overtime...lots and lots of overtime. It's the sacrifice we have had to make. We stay out of debt as well. If we need a big purchase look for interest free sales. Cook at home rather than dine out. We don't buy the kids all their wants. Our focus right now is kids education and retirement.
Posted on 1/26/16 at 3:09 pm to Boo Krewe
Simple answer is we sacrifice in other areas.
We do not drive brand new expensive cars. We did not overextend on a mortgage.
If you want your kids to go to private school it is definitly a sacrifice. But one well worth it with the crappy public schools in LA.
Not to mention every paycheck I throw a little bit in savings toward next years tuition and expenses.
We do not drive brand new expensive cars. We did not overextend on a mortgage.
If you want your kids to go to private school it is definitly a sacrifice. But one well worth it with the crappy public schools in LA.
Not to mention every paycheck I throw a little bit in savings toward next years tuition and expenses.
Posted on 1/26/16 at 3:20 pm to Boo Krewe
Combination of family support and cutting back in other areas. My wife and her brother went to private school that was paid for from their Grandparent's estate. While it was a modest amount, her parents passed that money along for their kids.
I'm the oldest of 4 and about the only thing that didn't apply to us as it relates to private school was driving the new cars. My dad is self-employed (CPA) and mom stayed at home while we were growing up.
I'm the oldest of 4 and about the only thing that didn't apply to us as it relates to private school was driving the new cars. My dad is self-employed (CPA) and mom stayed at home while we were growing up.
Posted on 1/26/16 at 3:24 pm to Golfer
quote:
mom stayed at home while we were growing up.
My wife as well. So much value in this, immeasurable.
Posted on 1/26/16 at 3:27 pm to Kolbysfan
Right now, I don't think my wife and I could make that work. She may go to a more flexible schedule to allow her to work only when the kids are in school.
My current work environment is pretty flexible as well so I'm sure we could both work and still maintain some level of normalcy for the non-existent children we have
My current work environment is pretty flexible as well so I'm sure we could both work and still maintain some level of normalcy for the non-existent children we have
Posted on 1/26/16 at 3:42 pm to Boo Krewe
I don't even understand the question. There are people who make a ton of money everywhere in the world. Why does this seem so odd?
Posted on 1/26/16 at 3:45 pm to TigerFanatic99
People also seem to think that BR is some backwards city with a bunch of people working for $15/hr. When the reality is its a state hub for a lot of professional jobs (law, accounting, engineering, medicine, technology/IT, etc.) and two working adults making $150k+ household can afford those things described by the OP.
Posted on 1/26/16 at 4:05 pm to Kolbysfan
quote:
My wife as well. So much value in this, immeasurable.
False. My wife to stay at home cost 60k.
Posted on 1/26/16 at 4:46 pm to Boo Krewe
I had the admission director at one of the expensive private schools in Mississippi tell me that 60 percent of the kids at her school had at least some of their tuition paid by the grandparents.
Posted on 1/26/16 at 5:41 pm to Kolbysfan
quote:
My wife as well. So much value in this, immeasurable.
Two of the few things my ex wife and I agreed on was her staying home with the kids when they were little and doing whatever it took to provide them with the best education possible. It required a lot of sacrifices but in the long run it was all worth it.
Posted on 1/26/16 at 7:33 pm to Golfer
I think a household income of 150k is the magic number.
Posted on 1/26/16 at 10:16 pm to FriscoKid
Its because of the state deduction for private school tuition that JBE will be cutting in the special session.
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