I would like to address recent discussion regarding high tuition costs.
I believe I have bitachon especially in parnassa issues because of events that have taken place in my past. That having been said, last year, after receiving scholarships from the various yeshivos that my children attend (I have 6 children in 5 yeshivos – 3 different levels: bais medrash, high school, elementary school), my total tuition bill came to approximately 82% of my take-home (net) salary. My mortgage payment put me over 100%. That meant that even if I totally gave up everything in my life except the house, I would still be running in the negative. For the record, although I’m not going to give out my salary, I am receiving a high five-figure salary in a major New York financial institution.
While I don’t advocate any sort of ridiculous alternative to a solid – and necessary – yeshiva education, clearly, something has to be done about exorbitant tuition costs.
It is good there’s plastic, I guess.