High quality private schools w/engineering that don't require the CSS PROFILE

Davisra
Wed, 26 Sep 2012 19:04:20 +0000

I’m running into the same problem as I look at schools with my son. We have a partnership where our income is based on assets under management. When the stock market tanks, so does our income. The buy-out value of the business is roughly $1.3 million, but we can’t just sell off part, liquidate part, or fire some employees to come up with money from the business. The business is our retirement “nest egg” - if we’d have put money into IRAs instead we wouldn’t have the problem we currently face.

Part of the problem is that money that would’ve been saved for college got spent on private high school for both kids. The older one had lots of trouble at the public HS & the private HS was instrumental in turning things around. Difficulty came when son said he wanted to join his sister since she was so happy with where she was.