Anonymous wrote:Anonymous wrote:Anonymous wrote:I regret sending my DD to private school that cost more than 60K a year. We don't belong there. We pull DD out at grade 11. DD was there from grade 6 to 10. She sees how top 1% live and friendship cannot last long bc of life style. Entitled kids with different lifestyle and doesn't need to work.
the honesty is refreshing and the bolded is what too many middle class and even working class parents tend to ignore
What I took away from this was a high level of insecurity from the kid, probably instilled by the parent. Most kids in my daughter’s private school don’t even consider the economic status of their friends. That’s just the parents unfortunately.
Anonymous wrote:Anonymous wrote:If private school tuition is 30k a year and you instead invest this money at 7% returns from age 5 through 18, you'll have over 600k by college age. If this 600k was invested another 12 years until 30 it would become almost $1.5M.
I know some people are rich enough to do both but if you can only choose one, what would it be? I think at the very least private school tuition should be cut and you give this money to your kid in young adulthood to help them with buying a house or something. I see so many people who aren't even rich sending kids to private and I just wonder why they do this when it would be way more impactful to their children's future to just invest the money to gift to them as adults.
ROI should never be considered when talking about education or frankly much else.
Anonymous wrote:If private school tuition is 30k a year and you instead invest this money at 7% returns from age 5 through 18, you'll have over 600k by college age. If this 600k was invested another 12 years until 30 it would become almost $1.5M.
I know some people are rich enough to do both but if you can only choose one, what would it be? I think at the very least private school tuition should be cut and you give this money to your kid in young adulthood to help them with buying a house or something. I see so many people who aren't even rich sending kids to private and I just wonder why they do this when it would be way more impactful to their children's future to just invest the money to gift to them as adults.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I regret sending my DD to private school that cost more than 60K a year. We don't belong there. We pull DD out at grade 11. DD was there from grade 6 to 10. She sees how top 1% live and friendship cannot last long bc of life style. Entitled kids with different lifestyle and doesn't need to work.
the honesty is refreshing and the bolded is what too many middle class and even working class parents tend to ignore
What I took away from this was a high level of insecurity from the kid, probably instilled by the parent. Most kids in my daughter’s private school don’t even consider the economic status of their friends. That’s just the parents unfortunately.
Anonymous wrote:Anonymous wrote:I regret sending my DD to private school that cost more than 60K a year. We don't belong there. We pull DD out at grade 11. DD was there from grade 6 to 10. She sees how top 1% live and friendship cannot last long bc of life style. Entitled kids with different lifestyle and doesn't need to work.
the honesty is refreshing and the bolded is what too many middle class and even working class parents tend to ignore
Anonymous wrote:I regret sending my DD to private school that cost more than 60K a year. We don't belong there. We pull DD out at grade 11. DD was there from grade 6 to 10. She sees how top 1% live and friendship cannot last long bc of life style. Entitled kids with different lifestyle and doesn't need to work.
Anonymous wrote:Class anxiety is a powerful drug.