Reply to Choosing public when you can afford private

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What do you mean "are they any???"  The DMV is full of public school families who could easily afford private and chose not to.  Especially in a county like Montgomery.

I was a Big Law partner making close to seven figures years ago and we never even considered private.  It made zero financial, educational, or social sense to do it.  I was convinced then and continue to believe now that many go the private school route solely because of peer pressure or guilt.

We took the same approach with college.  Had our kids gotten into Harvard or Yale, say, then yeah we would have probably paid for that.  But that was never in the cards -- as it isn't for the vast majority, even the top private school kids -- and we weren't about to pay for a kid to go to an NYU, a Northeastern, or a WashU when we had in state UVA.

Needlessly throwing away hundreds of thousands of dollars on schooling just to keep up with the Joneses was one game we were never interested in playing, and we have no regrets.[/quote]

This makes no sense for college if you are making that kind of money.  That's selfish.  You cannot die with the money so you're just spending it on what?[/quote]

I am this poster.  Please explain how the colleges that I have listed -- and a whole host of other privates -- are materially better and have materially better outcomes than the University of Virginia.

And you're wrong that I can't die with the money I saved.  Actually I can, and when I do that money will go to those same kids and they'll be far better off than had I thrown so much money away meaninglessly on private school tuition.  Many of you aren't yet in a position to have the benefit of hindsight, but when you are you will see that down the road the specific college that your kid attends makes little different on your professional, personal, or financial success.  But what you spend and not save when your family is younger sure does.[/quote]

I went to UVa, and I agree that it has served me.  I think your point of view is particularly strong being in-state for Virginia schools.  The only caveat is that I don’t think Charlottesville and the large public school model are really for everyone.  I don’t think NYU is better than UVA, but I do think some young adults would be happier in New York.  That said my parents were able to offer me in-state tuition in Virginia (they were not wealthy, for whatever that’s worth) and I have no complaints.[/quote]

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