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]If public schools are so great, why do so many rich & famous people send their kids to private?[/quote]

My guesses

1. Private school is chump change money
2. Need to have the right society, as some have pointed out connections, private jets is not out of place in private. These kids will feel out of place while carrying designer bags to public school and can’t openly talk about their lifestyle to normal public school kids whose parents may be struggling to get to a fully funded 529
3. They dont truly care about STEM and academics, they have large trust funds and don’t have to unduly stress out for AP classes and credits. They dont need to get into the rat race because they already have won.. [/quote]

Wow, you're clueless about private schools, yet you're also clueless about what's normal for the average American (a little hint, the kid whose parents are struggling with a 529 doesn't face actual economic hardship). [/quote]

Where in the original post did I mention anything about "actual economic hardship for average Americans" ? I was assuming when rich people send their kids to Public schools, they would live in affluent areas where "economic hardship" is not generally a concern because "average struggling Americans" are unable to buy a home in those neighborhoods. However, these affluent Americans (not average) may still be struggling to have a fully funded private 529 for their kids.

And you are right.. I am clueless about why rich and famous send their kids to private, if you look carefully, I started the post with "my guesses" adequately sharing that I have no personal experience. A PP that mentioned security seems a very plausible reason for them to send their kids to private school.

Be nice![/quote]

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