Anonymous wrote:Anonymous wrote:Anonymous wrote:HHI of 400k. Paying for two kids to go to private because our zoned schools are awful. Also, I worked in a college admissions office and saw what a huge advantage private school kids have in so many ways. Sure we skimp on home renovations and vacations but nothing is more important than giving them a good start at life. I went to public schools and did fine but that was two decades ago and things are very different.
Definitely. A lot of kids require a good start at life, as they’re unable to materially advance without significant help from others. I totally get it. DH and I have a different philosophy. We operate on a higher plane of morality. We would rather see our kid start with nothing and be able to push through to create a NW of $2M than start with a $10M advantage end up with a NW of $5M.
Your kid isn’t starting with “nothing.” What a ridiculous, un-self-aware thing to say. Honestly, anyone who could write such nonsense has no business weighing in at all in this discussion.
And “higher plane of morality”? That’s laughable combined with the rest of your post. Absolutely absurdist comedy, as a whole, to the point where I desperately hope you are trolling because otherwise… your poor kid.
Anonymous wrote:Anonymous wrote:Anonymous wrote:HHI of 400k. Paying for two kids to go to private because our zoned schools are awful. Also, I worked in a college admissions office and saw what a huge advantage private school kids have in so many ways. Sure we skimp on home renovations and vacations but nothing is more important than giving them a good start at life. I went to public schools and did fine but that was two decades ago and things are very different.
Definitely. A lot of kids require a good start at life, as they’re unable to materially advance without significant help from others. I totally get it. DH and I have a different philosophy. We operate on a higher plane of morality. We would rather see our kid start with nothing and be able to push through to create a NW of $2M than start with a $10M advantage end up with a NW of $5M.
What is the morality behind starting your kid with nothing? As parents, you decided that rather than helping them the best you can, it's actually more moral for you to give them ... nothing?
For the record, the only things I would accept to mean "start with nothing" would be dumping them into the Sahara desert at age 0 and other equivalents.
Anonymous wrote:Anonymous wrote:HHI of 400k. Paying for two kids to go to private because our zoned schools are awful. Also, I worked in a college admissions office and saw what a huge advantage private school kids have in so many ways. Sure we skimp on home renovations and vacations but nothing is more important than giving them a good start at life. I went to public schools and did fine but that was two decades ago and things are very different.
Definitely. A lot of kids require a good start at life, as they’re unable to materially advance without significant help from others. I totally get it. DH and I have a different philosophy. We operate on a higher plane of morality. We would rather see our kid start with nothing and be able to push through to create a NW of $2M than start with a $10M advantage end up with a NW of $5M.
Anonymous wrote:Anonymous wrote:HHI of 400k. Paying for two kids to go to private because our zoned schools are awful. Also, I worked in a college admissions office and saw what a huge advantage private school kids have in so many ways. Sure we skimp on home renovations and vacations but nothing is more important than giving them a good start at life. I went to public schools and did fine but that was two decades ago and things are very different.
Definitely. A lot of kids require a good start at life, as they’re unable to materially advance without significant help from others. I totally get it. DH and I have a different philosophy. We operate on a higher plane of morality. We would rather see our kid start with nothing and be able to push through to create a NW of $2M than start with a $10M advantage end up with a NW of $5M.
Anonymous wrote:Anonymous wrote:HHI of 400k. Paying for two kids to go to private because our zoned schools are awful. Also, I worked in a college admissions office and saw what a huge advantage private school kids have in so many ways. Sure we skimp on home renovations and vacations but nothing is more important than giving them a good start at life. I went to public schools and did fine but that was two decades ago and things are very different.
Definitely. A lot of kids require a good start at life, as they’re unable to materially advance without significant help from others. I totally get it. DH and I have a different philosophy. We operate on a higher plane of morality. We would rather see our kid start with nothing and be able to push through to create a NW of $2M than start with a $10M advantage end up with a NW of $5M.
Anonymous wrote:HHI of 400k. Paying for two kids to go to private because our zoned schools are awful. Also, I worked in a college admissions office and saw what a huge advantage private school kids have in so many ways. Sure we skimp on home renovations and vacations but nothing is more important than giving them a good start at life. I went to public schools and did fine but that was two decades ago and things are very different.
Anonymous wrote:Anonymous wrote:I understand that private school is for families with 800k+ HHI. I know that in ten years children will be mostly attending the same schools and in twenty years most of them will be working at the same places making similar salaries. But both child and I LOVE the school. We are a fed family so making 300s. Market has bumped up our retirement to 1m and brokerage to another 1m. Some 529 that can also be tapped. Home is almost paid off and 2 investment properties. Can we afford 60k tuition and fees for 4 years for one child? Obviously no FA.
Private school has nothing to do with getting a higher quality education. It costs $0 to learn, to accumulate knowledge, to build leadership, and to develop strong character. Private school is for parents that are too lazy to enforce rigor and discipline and for spoon-fed children that are incapable of rising above the distractions inherent in everyday life. So, OP, if either you or your children fall into these latter categories – if your family requires extra help overcoming adversity – then, by all means, push forward and go private. You can’t afford NOT to make the investment in this situation. These types of schools were explicitly created to provide a coddled environment for indolent guardians and the intellectually challenged. Hey…if the shoe fits….
Anonymous wrote:Anonymous wrote:I understand that private school is for families with 800k+ HHI. I know that in ten years children will be mostly attending the same schools and in twenty years most of them will be working at the same places making similar salaries. But both child and I LOVE the school. We are a fed family so making 300s. Market has bumped up our retirement to 1m and brokerage to another 1m. Some 529 that can also be tapped. Home is almost paid off and 2 investment properties. Can we afford 60k tuition and fees for 4 years for one child? Obviously no FA.
Private school has nothing to do with getting a higher quality education. It costs $0 to learn, to accumulate knowledge, to build leadership, and to develop strong character. Private school is for parents that are too lazy to enforce rigor and discipline and for spoon-fed children that are incapable of rising above the distractions inherent in everyday life. So, OP, if either you or your children fall into these latter categories – if your family requires extra help overcoming adversity – then, by all means, push forward and go private. You can’t afford NOT to make the investment in this situation. These types of schools were explicitly created to provide a coddled environment for indolent guardians and the intellectually challenged. Hey…if the shoe fits….
Anonymous wrote:Anonymous wrote:My two kids went to public schools and both attended top 20 colleges. One is a urology resident and the other has started his own IT services company. It’s been well documented that within the same socioeconomic group, private school is a huge waste of money. But hey you do you and thanks for subsidizing my kids’ educations.
Waste of money is a bit harsh.
I place private schools in the same category as buying a luxury car over a basic Honda. Your good suburban public is like a Honda or Toyota, it does the job reliably enough and gets you to where you need to go. But the luxury car is unquestionably a nicer, smoother and more enjoyable ride. Is the luxury car a waste of money?
Then there's the other valid argument that private schools are terrific for middle of the pack kids who can get overlooked in a bigger and busier public school environment and it can make the difference in fostering confidence. Whether that's worth the tuition fees multiplied by how many years will be up to the individual.
Anonymous wrote:I understand that private school is for families with 800k+ HHI. I know that in ten years children will be mostly attending the same schools and in twenty years most of them will be working at the same places making similar salaries. But both child and I LOVE the school. We are a fed family so making 300s. Market has bumped up our retirement to 1m and brokerage to another 1m. Some 529 that can also be tapped. Home is almost paid off and 2 investment properties. Can we afford 60k tuition and fees for 4 years for one child? Obviously no FA.