Reply to Choosing public when you can afford private

Forum Index » Montgomery County Public Schools (MCPS)

Reply to "Choosing public when you can afford private"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]What do you mean "are they any???"  The DMV is full of public school families who could easily afford private and chose not to.  Especially in a county like Montgomery.

I was a Big Law partner making close to seven figures years ago and we never even considered private.  It made zero financial, educational, or social sense to do it.  I was convinced then and continue to believe now that many go the private school route solely because of peer pressure or guilt.

We took the same approach with college.  Had our kids gotten into Harvard or Yale, say, then yeah we would have probably paid for that.  But that was never in the cards -- as it isn't for the vast majority, even the top private school kids -- and we weren't about to pay for a kid to go to an NYU, a Northeastern, or a WashU when we had in state UVA.

Needlessly throwing away hundreds of thousands of dollars on schooling just to keep up with the Joneses was one game we were never interested in playing, and we have no regrets.[/quote]

This makes no sense for college if you are making that kind of money.  That's selfish.  You cannot die with the money so you're just spending it on what?[/quote]

What makes you think the PP isn't happily paying for grad school after UVA (which is a decent college), and helping with downpayments on houses, and won't help his grandchildren, or whatever is needed?

You need to understand that building generational wealth is mostly about avoiding certain kinds of debt and certain tax threshholds, and leveraging other kinds of debt to keep investing one's money. In that context, choosing to pay 40K instead of 90K for about the same education makes perfect sense.

And I say this, while paying 65K a year for my kid's private college, because he receives 20K in merit aid every year. I would have been a little put out if I had to pay full freight.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics