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

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[quote=Anonymous][quote=Anonymous][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]

Maybe, but a bright kid with a K-12 public education who then goes to college debt free and is given a huge downpayment is going to have more job/life options than a kid who went to private school, then the same college as kid 1, but maybe some debt and no down payment or way less inheritance because mom and dad sent all the kids to private school. [/quote]

What about the bright kid a private education who goes to college debt free and is given a huge downpayment and plenty of inheritance? [/quote]

Then he’s not middle class. Read the OP.[/quote]

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