Reply to What if you can't pay the tuition anymore?

Forum Index » Private & Independent Schools

Reply to "What if you can't pay the tuition anymore?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Can you charge the remaining payments?   if not, I have read advice that says changing schools after spring break is a good strategy for kids.
[/quote]

Please do not consider doing this.  While I understand that you want stability for your child, the fact is that you can no longer afford the private school and putting yourself into long term financial crisis is far more damaging to your child than putting him in a weak school for a year or two.  What happens if your family has a financial crisis?  One of you has a health issue?  You car is totaled and insurance will only pay a certain amount which is less than what you need for a comparable replacement?  Your home has an issue that will require a large payment to fix?  You have exhausted your cash reserves.  Any credit that you have is the only emergency fund that you have.  If you charge the payments and max out your credit, then if your family has a real emergency, then you could end up with far worse circumstances that you cannot afford.

Your child will survive a few years in public school in order to get your family financial house in order.  He and you may be in significantly worse shape if you cannot afford an emergency that occurs when you burn all of your resources for a school you cannot afford.[/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