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[quote=Anonymous][quote=Anonymous]I understand that private school is for families with 800k+ HHI. I know that in ten years children will be mostly attending the same schools and in twenty years most of them will be working at the same places making similar salaries. But both child and I LOVE the school. We are a fed family so making 300s. Market has bumped up our retirement to 1m and brokerage to another 1m. Some 529 that can also be tapped. Home is almost paid off and 2 investment properties. Can we afford 60k tuition and fees for 4 years for one child? Obviously no FA. [/quote] Private school has nothing to do with getting a higher quality education. It costs $0 to learn, to accumulate knowledge, to build leadership, and to develop strong character. Private school is for parents that are too lazy to enforce rigor and discipline and for spoon-fed children that are incapable of rising above the distractions inherent in everyday life. So, OP, if either you or your children fall into these latter categories – if your family requires extra help overcoming adversity – then, by all means, push forward and go private. You can’t afford NOT to make the investment in this situation. These types of schools were explicitly created to provide a coddled environment for indolent guardians and the intellectually challenged. Hey…if the shoe fits….[/quote]
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