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Private & Independent Schools
Reply to "Why did you choose private school over the local public school?"
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[quote=Anonymous]Interesting that no one so far has mentioned the "con" that most people see: $30K x 8 = $240,000 (actually, that's low b/c it doesn't account for tuition increases -- so probably more like $300,000 for 8 yrs.) (or $30K x 12 = $400,000 with tuition increases). $300,000 vs. $0 is a significant "con" --- might not be a deciding factor for some, but it's still significant. It becomes even more significant if you have more than one child. Many people would love to send their kids to private school for the reasons listed above by PPs, but ultimately decide that the money (even if it is available) is better spent on other things (saved for college, saved for private HS, spent on a house, saved for retirement, used to pay living expenses so that the parents are not living so close to the edge, etc.) You can't do a cost/benefit analysis of private school without considering the financial cost to the family.... unless that school is free.[/quote]
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