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Reply to "What money habits keep you poor?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sending your kid to private school k-12 & then making that kid take out loans for college[/quote] +1 and I’ll add —— sending your kids to a $50K/year private school only to watch similar kids who go to public schools get into the same high tier colleges that your kid got into.[/quote] If you don’t get it, you don’t get it. It’s not about “getting into college.” It’s about college preparation, being able to participate in whichever sports you want in 9th grade, well-behaved student body and so many other things.[/quote] Hey believe what you want to believe to justify all that money you are paying to a private school while also paying property taxes and subsidizing public school students. Confirmation bias at its best. If private schools prepare their students for college so well, why do ALL of my friends who send their kids to private schools also pay for tutors and test prep outside of their school. The reality is public schools prepare their students for college just as much as private schools do and public school parents also pay for tutors and test prep. Public school kids can participate in any sport they want in 9th grade as well (not sure where you are coming from on this). A well-behaved student body --- paahleeeze lol -- you are kidding yourself. Private schools have drug and discipline problems just as bad as public schools. In fact, the drug problem is worse since these kids have access to money.[/quote] For sports--they are stating (I believe) that it is much easier for your kid to participate/make the team vs at your local public HS. But otherwise I agree. Never saw the need for private school---did it in K for one kid because we wanted full day K vs 2.5 hours. Then returned to public schools for grade 1 and never looked back. I prefer the balance we get at the local schools and that my kid's friends live within a 15 min drive not an hour away which would be the case for privates. When you live in an area with great public schools, the only thing "local private" are Catholic schools, not the elite privates, because most use the publics. [/quote] +1. My son has been good with friends with my next door neighbors' son for years. Both are seniors. My neighbors decided to send their kid to the Potomac School for grades 9-12 which I believe is about $40-50K/yr. My son goes to W&L for the IB program. They are very similar kids but obviously don't hang out as much anymore due to the different schools and subsequent school-related friends. My son is going to UVA next year and her son is going to JMU. Both good Universities but I'm definitely glad I saved the $160-200K over those 4 years and instead contributed to a 529. To each their own.[/quote] Funny how people like you think prestigious high schools are NBD but that prestigious colleges are. High school matters more than college. The preparation (social & academic) and connections you make in HS are very important.[/quote]
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