Reply to If you made $1MM annually, would you send your kids to private?

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Reply to "If you made $1MM annually, would you send your kids to private?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I was making just under $1 million a year when my kids were in school and never even considered private.  What’s the point?  It’s not like it gives you an edge with Harvard, and I’d prefer that my kids get exposed to other kids from all walks of life - which you don’t get at a 50k a year private.

My kids went from public schools to state colleges (UVA, William & Mary, and VCU) and I retired nearly 15 years early with plenty of money.  There’s no way I’d give all of that up just for some private school bumper sticker to put on the back of a Volvo. [/quote]

Contrarily I would question what is the point of making close to 1 million/year if you can’t or chose not to select the objectively best school for your children without factoring in price. There’s nothing wrong with public schools, but it’s sad that you so clearly prioritize your own wants and desires over thinking about what might be truly best for each of your kids.[/quote]

DP.. I think it has to be more around value. We make 700K so not quite $1M and public school + extra private tutoring + summer enrichment classes is more bang for our buck. One of us has a more flexible job, so we have been able to help kids with homework when in elementary and middle. Not in DMV area, but our public high school is ranked top 10 in state and top 50 in US. This works for us.. kids are motivated and even in MS they started off with Algebra 1 in 6th grade, so top notch academics that we supplement with AOPS kind of depth in curriculum[/quote]

I hear you, but not everyone wants to spend the time to teach the kids what they would have learned in a normal day. I view that as a very inefficient way to learn.  There is an opportunity cost there. The kid can be learning something else - social skills, team skills, art, sports, etc - rather than learning how to keep up academically with kids who simply recieved more personalized targeted instruction during the school day.  It's not just the dollar amount - it's total return on investment, which includes time and opportunity.[/quote]

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