NYC private school tuition now higher than HARVARD

Grad06
Mon, 20 Mar 2006 00:13:45 +0000

I didn’t read all six pages so sorry if I’m repeating something that was already said. To answer the line of thinking of, “I want to give my child the best education he or she can get,” I wonder how going to an elite private school versus going to a mediocre public school really affects things. I think there is considerable debate over whether it is the quality of private schools that makes their numbers so great, or rather the quality of the student being that makes the numbers so great, but personally I personally would lean toward the latter thinking.

How greatly the roughly $125,000 really helps the student? I mean if your child goes to a public school versus private school it’s not like he or she will be learning what an atom is at a public school while he or she could be learning about string theory at a private school. A private school can teach your child more, but it can’t instill ambition in your child which is the ultimate key to success. I suppose parents’ like to think that the $125,000 is that much more of an advantage at the ultimate goal: getting into an Ivy League (ahh, just think of the future prestige).

Food for thought: if a couple gave their kid $125,000 to put into a retirement account at 18 and it grew at, say 5% above inflation, their child would end up with $500,000 in today’s money at age 48, or $1,000,000 in today’s money at age 63.