Reply to Private school is a terrible ROI for middle class people

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[quote=Anonymous][quote=Anonymous]It very much is. And yet I know a few middle class families who have fallen for it. One family fell for the lure of homeschooling, which ended up being more expensive than public, since at the secondary level it's easier to buy a package of lessons from a company than actually make your own lessons in every subject.

It's hard for such families to acknowledge their mistakes, but usually realization sets it when it comes to paying for college and when they look at their retirement. One family, when their kid graduated with no college in sight, told us they regretted their homeschooling choice. The other told us they regretted the 60K private, because it turned out not to be the panacea for their kid's ADHD (my kid has ADHD and stayed in public). The third family with a typical kid in a 50K fancy private aren't at the realization stage yet - but they might when their unhooked kid doesn't get into Ivies, and they finally understand that top privates are stuffed with Ivy alumni who can give their kids a leg up. Unhooked kids at top privates are at a disadvantage when it comes to very selective universities, compared to unhooked kids at publics.

Wealthy families don't have that sort of parsing to make. If private doesn't work out, it's not going to impact their retirement or whether or not they can afford 90K a year for private universities, med/law/grad school, a downpayment for their kids' homes, etc.[/quote]

What’s sad is often the parents resent the kids decades later because the kids aren’t as appreciative over the sacrifice as the parents would expect. [/quote]

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