Average Salary of Prep School families?

<p>I go to one and have been wondering about this. This would probably be excluding those on financial aid from the average. If there aren't numbers on this, could I get a ballpark estimate? Thanks.</p>

<p>I don't think many people are inclined to give their families salaries etc. </p>

<p>You won't get any luck here I think and I strongly advise anyone from putting their families details on here. </p>

<p>Sorry adsum but I don't think its appropriate.</p>

<p>I agree with shore. I wouldn't tell you mine! </p>

<p>But consider this: look at the number of kids who are NOT receiving financial aid. example: At XYZ Prep, tuition and related fees are 45,000. Of our 1000 students, 33% receive financial aid.</p>

<p>This means, of course, that 660 kids at XYZ come from families that are shelling out 45,000 a year, plus travel related expenses - after taxes. Sure, of those 660 kids there will be some whose rich Auntie pays or whose parents are working three jobs each, etc. But I would imagine that a very large percent of those 660 are simply writing a check. But you never really know. It all depends on how much the family is willing to contribute, what sacrifices they make, etc. I could easily imagine a family where one parent's entire income goes to fund the education and their combined income is less than 100,000. I can also easily see a 40K+ tuition bill as just another invoice that gets sent to the personal accountant along with property taxes, insurance, and other annual bills. I personally know families in both circumstances.</p>

<p>Though this is hardly a direct answer to your question, it's probably as close as you'll get. </p>

<p>It's hard to tell how much people make, which is probably a good thing. </p>

<p>Is there a specific reason you ask? You can PM me if you want.</p>

<p>I would assume that most of the families whose kids attend make over 500K a year. These would be the families who don´t worry about money and don´t even apply for financial aid. Obviously there will be some families with incomes of muti-millions, and some families under 100K. This is what I have noticed about the wealth of families at my local private school.</p>

<p>They are rich as hell.</p>

<p>There are also families that make less than 200 K a year, but don't apply for financial aid. I've noticed that in a lot of the private day schools around my area, the parents are likely to make more sacrifices in order to not have financial aid, because they don't "need" the aid, while they are still able to live relatively comfortably with some sacrifices. For the majority of these families education is a first priority.</p>

<p>i recently asked my dad what he makes and got a dirty look. he said that it is not a proper question and something that you should never ask someone.</p>

<p>nhfootballer -- your Dad is right.</p>

<p>But I happen to have the information (as a WBTY Indices subscriber) that Adsum is seeking:</p>

<p>$189,300</p>

<p>nhfootballer: "The only people who talk about money are no-money and new-money."</p>

<p>thanks. i didn't mean to ask for personal salaries, just the average. whenever i hear someone say "oh her family doesn't make that much" or "he's really rich" at school I'm always wondering how you'd adjust that. $189300 is lower than I thought, but that's a good thing. I was worried that all of these people are millionaires and that's totally normal.</p>

<p>$189,000 seems really low.</p>

<p>haha I like the quote. yeah my parents say I'm too interested in it, but it's hard to ignore when you're around it so much. I guess I'm sooo new money, but I like to know what I'm dealing with.</p>

<p>Well, the $189,300 figure is from 2006, the last time WBTY did an in-depth financial survey.</p>

<p>The Bunkel Index number from 2007 is $204,600 but I find Bunkel to be notoriously inaccurate.</p>

<p>fun is fun, please play nicely.</p>

<p>Of course you're right, I won't denigrate the Bunkel Index again...</p>

<p>Keep in mind that income can mean earned income or income from investments. trusts, inheritances, etc can all factor into available funds without being significantly included in income levels.</p>

<p>You could have a family with millionaires in assests (homes, planes, vehicles, antiques, a couple of van gogh paintings, etc -- that only show an earned income of $100K.</p>

<p>Conversely, you could have a family that is overextended with credit (no assets and tons of debts) that earns $200K.</p>

<p>fun
what is burkel?
I googled and could not find it.</p>

<p>The Bunkel and WBTY indices do not exist in real life. They are certain posters way of pointing out some of the meaninglessness of statistics.</p>

<p>Thanks Brooklyn. I like it.</p>

<p>Are you going to California?</p>

<p>Fortunately none of us will have "FINANCIAL AID" wrote in bright red sharpie on our foreheads, the only thing we will have to worry about now is getting it wrote on our forearm. <em>shudder</em> =)</p>

<p>Seriously though, I don't think it matters how your tuition gets paid, just how you present yourself. Confidence is key! And, if you are really stuck, just be-dazzle your clothes with glue, sparkles, some Popsicle sticks, or cotton balls. It's rad.</p>