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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If private school tuition is 30k a year and you instead invest this money at 7% returns from age 5 through 18, you'll have over 600k by college age. If this 600k was invested another 12 years until 30 it would become almost $1.5M.

I know some people are rich enough to do both but if you can only choose one, what would it be? I think at the very least private school tuition should be cut and you give this money to your kid in young adulthood to help them with buying a house or something. I see so many people who aren't even rich sending kids to private and I just wonder why they do this when it would be way more impactful to their children's future to just invest the money to gift to them as adults.[/quote]

ROI should never be considered when talking about education or frankly much else.  [/quote]

At a certain level, I agree.  But by that I mean, you should do anything you can to get your 4 year degree (if you want that path in life) and a state school or "lower level private that gives you good merit" is the best way to do that.  But if you don't have the funding for Private K-12 and college, then you save and spend on college.  Parental involvement and expectations are about 95% of a kid's success thru HS.  Where they go doesn't matter nearly as much (and it still doesn't in college)

So yes, I'm not taking fancy vacations multiple times a year until I can adequately save to help my kid get thru college.  But I'm not living on rice and beans and no vacations to put my kid in $50K+ K-12, unless they have very specific special needs.  I'm living in the best school district we can afford while still having some extras in life (like a vacation or two a year, a new car every 7-8 years, dining out once a week, etc) and supplementing with tutors as needed.  And Saving for college for my kids.  [/quote]

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