$60k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fascinated again to see parents of kids that go to public schools hate on parents of kids that go to private. All kids will have a chance to succeed. Relax. But don't judge us for spending $ for a good K-12 experience along the way...

It’s insecurity.

Of course kids can succeed in a lot of ways.

But to argue private school kids are:
- simply in need of hand holding
- set to do worse than public school kids in college admissions and job prospects

… just reeks of insecurity.

Generations of people would not pay high sums of money for schools that actively HARM college admissions and job prospects.

I’ve gone to public school in high SES areas and have gone to elite private schools. While it’s absolutely true that people can succeed in either path, an excellent private school has the resources that no public school has — outside of the very top magnet schools.

That has concrete benefits at all educational levels, if the school leverages the resources effectively.

Is that fair? No. But life isn’t fair.

There is literally an entire economic theory demonstrating that price does not correlate to quality in some luxury goods. It’s called “conspicuous consumption.”

I don’t really care if it is fair or not - you are welcome to blow $1 mil if you have it.

If you want to equate a top private school and conspicuous consumption (yeah, I graduated high school, so I know what that is too), that’s great. But it just shows you have no experience with what a top private school can actually provide.

The question is does it provide $1 mil worth of value when there is no evidence that it will improve your child’s college admissions chances?

The evidence shows private schools are overrepresented at top colleges. 30-40% of Ivy League students come from private schools.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Have the $60k schools given up on socioeconomic diversity entirely?

Supposedly, from the financial aid, there will be a bit of diversity. But I agree there will be less. Are there still discounts for the IMF/World Bank/Embassy families?

Those families typically earn high incomes, so not sure about your question.

Only the Fund. Not high enough to make $60k a no-brainer and not low enough to bring any meaningful socioeconomic diversity.

Agree. 60k is not designed for socioeconomic diversity regardless of of where the parents work.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:Sorry, but I do not see any difference in success ratio between my friends, whose kids went to Sidwell and whose kids went to good public schools....the Sidwell kids did not go to better colleges, nor did they get better jobs.

Maybe that's true for the 2 Sidwell kids you know. As soon as you enter Sidwell, your chances of success skyrocket.

That’s just a laughable assertion. A high IQ and motivated kid with high SES parents is going to do just as well if not better if they go to BCC or Whitman as compared to Sidwell.

That's one big fat lie. Smart kids drown at competitive MoCo public schools. The resources + advising + academics + small class size at Sidwell naturally breeds kids that stand out.

lol sure they drown all the way to college

But yes, if you have a child who cannot cope with some discomfort or need to be self-sufficient, then a private school has additional value.

Also remember that we are talking about Hilton not Sidwell.

Just so we (pvt school parents) know, why are you on this forum?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fascinated again to see parents of kids that go to public schools hate on parents of kids that go to private. All kids will have a chance to succeed. Relax. But don't judge us for spending $ for a good K-12 experience along the way...

It’s insecurity.

Of course kids can succeed in a lot of ways.

But to argue private school kids are:
- simply in need of hand holding
- set to do worse than public school kids in college admissions and job prospects

… just reeks of insecurity.

Generations of people would not pay high sums of money for schools that actively HARM college admissions and job prospects.

I’ve gone to public school in high SES areas and have gone to elite private schools. While it’s absolutely true that people can succeed in either path, an excellent private school has the resources that no public school has — outside of the very top magnet schools.

That has concrete benefits at all educational levels, if the school leverages the resources effectively.

Is that fair? No. But life isn’t fair.

There is literally an entire economic theory demonstrating that price does not correlate to quality in some luxury goods. It’s called “conspicuous consumption.”

I don’t really care if it is fair or not - you are welcome to blow $1 mil if you have it.

If you want to equate a top private school and conspicuous consumption (yeah, I graduated high school, so I know what that is too), that’s great. But it just shows you have no experience with what a top private school can actually provide.

The question is does it provide $1 mil worth of value when there is no evidence that it will improve your child’s college admissions chances?

Think of it this way- we are making an investment decision based on what matters to us (your opinion does not).

[Anonymous]

The question is does it provide $1 mil worth of value when there is no evidence that it will improve your child’s college admissions chances?

This is going to come as a shocker, but not everyone sends their kids to private schools for college admissions purposes.

[Anonymous]

I guess that’s the beauty of free markets. People can use their money as they please. They don’t need the opinion of someone else. If someone thinks it’s a good deal they will hire a service, if not they won’t. There is no magic about it, and nothing to convince anyone.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Have the $60k schools given up on socioeconomic diversity entirely?

Supposedly, from the financial aid, there will be a bit of diversity. But I agree there will be less. Are there still discounts for the IMF/World Bank/Embassy families?

Those families typically earn high incomes, so not sure about your question.

Yes, but they are not as bad as some of the country-club old-money folks that pass down wealth generationally to grand grand daughter who started NCRC and ends in Beavuor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Have the $60k schools given up on socioeconomic diversity entirely?

Supposedly, from the financial aid, there will be a bit of diversity. But I agree there will be less. Are there still discounts for the IMF/World Bank/Embassy families?

The IMF and WB pay for part of the tuition of employees' kids.

[Anonymous]

The part some people never understand about the public vs private thing is that it isn’t about the ceiling, it is about the floor.

There are a myriad of reasons these parents pay the tuition, but when the worst college outcome is better than the median of public, it covers your kid’s ass if they turn out to be a dumbass or lazy - and the expectation is that the private will identify what is lacking in the kid earlier and push to correct it sooner.

And yeah 60k is a lot to the vast majority of us public parents, but for most of the families that choose private, it is a small expense in theirs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Have the $60k schools given up on socioeconomic diversity entirely?

Supposedly, from the financial aid, there will be a bit of diversity. But I agree there will be less. Are there still discounts for the IMF/World Bank/Embassy families?

The IMF and WB pay for part of the tuition of employees' kids.

Not always.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Have the $60k schools given up on socioeconomic diversity entirely?

Supposedly, from the financial aid, there will be a bit of diversity. But I agree there will be less. Are there still discounts for the IMF/World Bank/Embassy families?

The IMF and WB pay for part of the tuition of employees' kids.

Fund yes. Bank no.

[Anonymous]

Anonymous wrote:The part some people never understand about the public vs private thing is that it isn’t about the ceiling, it is about the floor.

There are a myriad of reasons these parents pay the tuition, but when the worst college outcome is better than the median of public, it covers your kid’s ass if they turn out to be a dumbass or lazy - and the expectation is that the private will identify what is lacking in the kid earlier and push to correct it sooner.

And yeah 60k is a lot to the vast majority of us public parents, but for most of the families that choose private, it is a small expense in theirs.

Private school parent here - appreciate the pros/cons and realize how good the public schools are here (I'm in MoCo). I will say, it was nice to have my kids back at school last week while public was snowed in end of last week thru yesterday.

[Anonymous]

Imagine what would have happened if you invested in the stock market that $480k of tuition that you shelled out...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Have the $60k schools given up on socioeconomic diversity entirely?

Supposedly, from the financial aid, there will be a bit of diversity. But I agree there will be less. Are there still discounts for the IMF/World Bank/Embassy families?

The IMF and WB pay for part of the tuition of employees' kids.

Fund yes. Bank no.

Fund, Depends on the pay package.

[Anonymous]

Anonymous wrote:Imagine what would have happened if you invested in the stock market that $480k of tuition that you shelled out...

That’s ok. I already invested plenty in the stock market.