Reply to What is it like to be a family at an elite NWDC Private who can just barely afford it?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why would you want to do this to yourself?[/quote]

+1 sounds like child cruelty. Is the education really worth damaging a child's feeling of self worth? 
Not sure if pretending it makes children strong and resilient Would be worth it to me. [/quote]

I didn't mean it this way. I meant that unless your child had special needs of some kind, why would you condemn yourself to 12 years of incredibly high-priced education you can just barely afford? Surely you have something better to do with that nearly $40K per year over the next 12 years. [/quote]

The issue is your choice of words. Condem? It's far from that. No I can't think of anything better to spend it on. The one thing no one can ever take from you is your education. Being educated is priceless. Does it require $40K a year? Maybe not, but what else is really worth $40K either? I can't think of anything else...[/quote]
But you don't have to spend that $40,000 a year, PP. You can save and invest it. If you can truly barely afford it, in my mind you are condemning yourself to 12 years of anxiety about finances.

Sure, education is worth a lot. But how do you really know that $40,000 a year school will give your kid a better education? Maybe I'm biased because I know kids who've gone to top DC private schools who went to pretty average colleges.  If they were so much better educated than their public school peers, it seems like they would have gone elsewhere. [/quote]

not all private school parents choose private hoping their kid will end up at HYP. I plan on sending my kids to private all the way through and if they end up going to George mason after St. Albans, I'm perfectly fine with that. I want them to happy. My neighbor is always picking up supplies at Costco for our local public elementary because the teachers are sending emails begging for basic items such as paper towels, napkins, and art supplies. But amongst my law firm colleagues, I have been told that they didn't push their kids at all in private, they were just happy kids who loved school and their teachers so they ended up at places like duke, tufts, penn, uva without any pressure from parents. From what I've seen, it's the middle class kids that end up at less prestigious schools, even if they got into Yale because of their parents couldn't afford private highschool they could barely afford college. Before anyone burns me, I know the system sucks and the prices are ridiculous and this does not bode well for future generations as private school and prestigious universities should not be reserved just for the uber wealthy. My husband and I are both lawyers with 2 kids and we spend about 40% of our monthly income on tuition. I'm just sharing my experience. [/quote]

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