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

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[quote=Anonymous]I actually think your thesis is a bit flawed in that I do believe many middle class families do try to justify private school based on an ROI.

One example...a boarding school like Deerfield Academy which charges $80k per year has said that no family will pay more than 10% of their income.

Now, let's take a hockey family that was profiled.  The family makes $250k and thought the idea of Boarding school was crazy, but Deerfield said it will only cost you $25k AND Deerfield is your school and travel hockey team.

If you don't know much about top travel hockey players, they can easily spend $20k per year.  You may think that's stupid too.  However, in this instance, the family now looks at this as my kid gets to attend one of the top Boarding schools in the country for a net cost to us of $5k.

In theory, the amount you may save on feeding your kid and other activities, now makes that $5k a wash.

Others make similar ROI calculations all the time by thinking about how valuable the private school network will be throughout life...it may be misguided in your view, but it's still an ROI calculation.[/quote]

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