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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I regret sending my DD to private school that cost more than 60K a year.   We don't belong there.  We pull DD out at grade 11.  DD was there from grade 6 to 10.  [b]She sees how top 1% live and friendship cannot last long bc of life style[/b].  Entitled kids with different lifestyle and doesn't need to work.  [/quote]

the honesty is refreshing and the bolded is what too many middle class and even working class parents tend to ignore[/quote]

What I took away from this was a high level of insecurity from the kid, probably instilled by the parent. Most kids in my daughter’s private school don’t even consider the economic status of their friends. That’s just the parents unfortunately. [/quote]

Kids don't look at economic status until they are in high school.  The top 1% sticks together.  If you are in lower end, you don't get invite to these party as you get older.   Even if you get invited, you can't keep up with their lifestyle.  You can't fly your kid to Europe for holiday break.   It was great in middle school but as DD get older, it be apparent we don't belong there.  DD still connect with few kids at top tier private school.  Most of these kids go to private liberal art colleges where DD goes to well known public university.  DD was in culture shock to see how the rest of people live when  DD goes to public University.  DD was in a bubble. 60K plus private school is great if you can afford it but it is a bubble.[/quote]

It is not a bubble.  It is life.  Their life.  Which is different.  It is their reality.  Same as if you grew up is a project.  That is your reality.  Both are real life.

For most people in privates -- the 60k a year is a rounding error.  Not at all missed or even thought of.  Same with college costs.  If that is not you then I would not be at a private unless for other reasons it is the best for your child.[/quote]

+1000

Attended a T10 school 30+ years ago.  Where 65%+ of students received NO Financial aide at all.  I was on major financial aid, but still had to struggle to come up with our family contribution yearly (and take federal loans).  I was the kid who had to plan for the weekend and decide "I can afford to go out to eat one night this weekend or I can afford to do 1 cheap activity (think movie on campus or a show on campus)". But I couldn't do both.  No way was I ever joining the college friends who went to Europe on spring break or for a week at xmas or went skiing in luxury places in the West for a long weekend. As a result, the majority of my friends were also kids who had work study and student loans, and who had to hold jobs in the summer and over most breaks to just pay for college.  Because you simply cannot keep up with others who are spending a fortune each week---to them it's normal, the money simply flows.  To me, I might literally only have $5 to get thru the next week for an extra expenses.  
So I had a few down to earth friends who were not on FA, but 85% of my friends were in same boat as me.  Because you simply cannot relate to someone who is spending $100 each weekend (this was 30+ years ago, so think $250+ in today's dollar) So it's hard to be good friends if you cannot socialize together very often.

[/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