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Reply to "Frank Discussion and Honest Answers on tuition affordability"
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[quote=Anonymous]Honestly, if you pay private tuition you reduce your savings and/or retirement--no matter what your income. If you spend it somewhere, you can't spend it somewhere else. Each individual family has to set priorities. Myself, I regret the private tuition for one child who would have done as well if not better in public and I am mixed on the second. It was probably the best thing socially, but who really knows. The reality is that we have spent over $300k already on private tuition that could have cone to pay off a mortgage or better fund retirement. I have no magic 8 ball to say whether or not it was the right choice. Good luck with your endeavors.[/quote]
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