How do people afford private schools?

[Anonymous]

Anonymous wrote:We have more murder crime in Baltimore in one month than all those countries have all year. If you believe in numbers what does that reflect.

I believe in numbers but not YOUR numbers. Baltimore had 262 homicides in 2023 (https://www.wmar2news.com/infocus/breaking-down-baltimores-2023-homicide-numbers); Canada had 874 (https://www150.statcan.gc.ca/n1/daily-quotidien/231129/dq231129b-eng.htm). I can go on, but it is clear you have no idea what you are talking about. And apparently you don’t know how to use Google either.

[Anonymous]

All I know is that their poor people can go to a hospital if attacked and not come out in extreme medical debt. We cannot say the same. You seem to be keen on being able to manipulate figures to make a point but not recognize what per capita means.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:Vent post: after receiving our financial aid determination—less than I'd hoped—the sticker shock of how much this is going to cost is sinking in... How do people afford this?

Oh reality just set in! Should have did the worst case budget before even applying. If you need aid to attend, you can't afford it. That's just the truth. Don't put your family in a hardship position.

+1

Most of the kids that do well from here do well because of THEIR connections (family, family friends, etc, always the generation older, never the kids). Don't think for a second your kid will 'make' connections that enable them to do better. YOUR kid will do the same regardless of their school. If you are 'just' MC, your kid has the same chances as you public or private. They will have better college acceptances from public school too. (Colleges want many schools represented, so they will take the top from your private school and normally it's the connected kids. Public school kids are less likely to be connected, so if your kid is the top, their chances are better). Now when your kid (or you) have the connections through the business they established AND that business is successful, then the 'right' connections will find you family. This is really obvious to the most casual observer. Stop and observe, you'll see.

BTW I send my kids private prek-8 and I'm definitely not a 'connected' family. I do so for child specific reasons and better teachers, smaller classes. My older kids switch to public in HS, when they need to learn to swim in bigger more competitive, ruthless waters (selective publics) - this will be their life and they need to be prepared for it.

I disagree with this. Being surrounded by high achieving kids and family might not guarantee great connections, but it will set the stage for what they want to achieve in life.

Being surrounded by success, will will push kids to aim higher. Maybe the same happens at some good public schools too in certain neighborhood, but it would not have happened at mine

Sorry this is family dependent. High achieving, high income, high net wealth family here. We put the kids in whatever schools we want. They have been in several different environments and have the same expectations of themselves regardless.

In-laws actually went a step further and put their kids in low income schools in order to broaden their perspectives. Kids went to Ivies and became investment bankers, every single one of them.

How sad (that every single child became an investment banker).

They sent them to low income schools so they’d have an unequal playing field and get into Ivies. Clever.

[Anonymous]

Anonymous wrote:My spouse is a big law partner, so HHI is high (about $2 mill). This is how we afford private school ($50k+ per kid) for 4 kids. I think most non-lawyers are clueless about how much an average equity partner makes in a big law firm.

$2M is actually below average.

[Anonymous]

We afford it by forgoing or minimizing other nonnecessities (e.g., travel, eating out, high end clothing, nicer car, live in modest home, etc.). It works for us.

[Anonymous]

Anonymous wrote:Vent post: after receiving our financial aid determination—less than I'd hoped—the sticker shock of how much this is going to cost is sinking in... How do people afford this?

Be grateful you get financial aid. Many of us are paying full fare with no aid plus we are donating to the financial aid fund to pay for those kids on aid. Let that sink in and make sacrifices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Vent post: after receiving our financial aid determination—less than I'd hoped—the sticker shock of how much this is going to cost is sinking in... How do people afford this?

Oh reality just set in! Should have did the worst case budget before even applying. If you need aid to attend, you can't afford it. That's just the truth. Don't put your family in a hardship position.

+1

Most of the kids that do well from here do well because of THEIR connections (family, family friends, etc, always the generation older, never the kids). Don't think for a second your kid will 'make' connections that enable them to do better. YOUR kid will do the same regardless of their school. If you are 'just' MC, your kid has the same chances as you public or private. They will have better college acceptances from public school too. (Colleges want many schools represented, so they will take the top from your private school and normally it's the connected kids. Public school kids are less likely to be connected, so if your kid is the top, their chances are better). Now when your kid (or you) have the connections through the business they established AND that business is successful, then the 'right' connections will find you family. This is really obvious to the most casual observer. Stop and observe, you'll see.

BTW I send my kids private prek-8 and I'm definitely not a 'connected' family. I do so for child specific reasons and better teachers, smaller classes. My older kids switch to public in HS, when they need to learn to swim in bigger more competitive, ruthless waters (selective publics) - this will be their life and they need to be prepared for it.

I disagree with this. Being surrounded by high achieving kids and family might not guarantee great connections, but it will set the stage for what they want to achieve in life.

Being surrounded by success, will will push kids to aim higher. Maybe the same happens at some good public schools too in certain neighborhood, but it would not have happened at mine

Sorry this is family dependent. High achieving, high income, high net wealth family here. We put the kids in whatever schools we want. They have been in several different environments and have the same expectations of themselves regardless.

In-laws actually went a step further and put their kids in low income schools in order to broaden their perspectives. Kids went to Ivies and became investment bankers, every single one of them.

The kids have a cushy life at home because their parents work hard and make a lot of money. Then they go to school where everyone is suffering due to poverty. Of course the children are going to realize that making money and not being subjected to poverty is the way to go.

[Anonymous]

Anonymous wrote:All I know is that their poor people can go to a hospital if attacked and not come out in extreme medical debt. We cannot say the same. You seem to be keen on being able to manipulate figures to make a point but not recognize what per capita means.

Forgot to mention - I do stats for a living so yes, I know what per capita is. I also know it’s apples and oranges to compare city per capita to a national per capita. Still even your point would make some sense as we do have terrible gun statistics, but again, you have to look at a country in total, not just from one angle.