Reply to Family budget if your income is around $180-200K

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Private school PP here.  Absolutely not pulling the kids from private.  Our mortgage is low because the schools suck.  The school they go to has 100% 4-yr college acceptance rate at competitive schools and prides themselves on finding scholarships for the kids.  Current grad class of 10 kids has $3 million in offers.  I'm willing to take the risk.  [/quote]

Sending them to private because your schools suck is a great reason. I'm telling you, though, the scholarship stuff is bogus. Reputable schools do not even publish this statistic anymore- "$3 million in scholarships" - because it is known to be so inflated in the industry. The majority of top schools do not even give merit aid. The best way for a school to up that "scholarship number" is to encourage students to apply to lower ranked, less competitive schools where the student is overqualified. That will sure drive up te number to impress people like you, but it will not necessarily be in the student's best interest. This is why many schools do not publish that statistic anymore. Good luck to you, but I genuinely feel sorry for you because you are taking what you hear at face value without realizing that the school is feeding you a manipulative line. There are a million great reasons to send your kids to private school, but I promise you this is not one of them.[/quote]

I honestly really appreciate the feedback.  There are many years between my kids and college apps, and you have given me important food for thought.  For now, private works for us.  Really, I want them to go to college where they will do well.  Our school seems to have a great track record of that but I'm not married to it.  I want what's best for them.  Unfortunately, we only make 140K.  So we're doing the very best we can and constantly reevaluating.  [/quote]

+1. You are being defrauded. [/quote]

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