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Private & Independent Schools
Reply to "Where do private schools really get you in life?"
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[quote=Anonymous][quote=Anonymous]Look, to me it's pretty simple. If you can afford it without stretching, go for it. There are worse things to spend your money on. But you really have to have a lot of money not to stretch for it. The top privates in this area costs more than 50k in after tax dollars, so you're having to gross, what, 75k per year per kid for that? When I was a partner in Biglaw I knew many partners who were spending $150k-$200k a year in after tax dollars for literally decades to educate their families from K through college. Quite literally millions of dollars in pre-tax earnings. That's a stretch even for wealthy people. Yes, in the end this resulted in more frequent admissions to top private colleges (not always Ivy, though), but adulthood really is the great equalizer. We went the public school and state college route, and as a result I was able to retire 15 years early. On top of that, the younger children of the partners I used to work with now reach out to my highly successful kids to network in the same fields. To each her own, of course, but you'll never convince me that private school is the smart choice for anyone but the super wealthy, especially if you live in a strong public school district. [/quote] I tend to agree with this. My family could never have afforded private, and I went to all public schools, and pp would say adulthood resulted in my “equalizing.” I send my kids private without financial hardship because of all the reasons stated before about smaller classes, more individualized attention, better facilities, more writing focus, better programs that are close to where we live, etc. kids will have to work hard and earn their place in adulthood as they compete with tons of other kids from different backgrounds—including kids a lot like me. If I didn’t have the means, I’d find a good public and not give it a second thought. [/quote]
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