Education: Price of Private Schools
I saw this article on the CNN web site and was amazed at how much private pre-university schools can be!
Friends of ours, who are my financial models, send their kids to two very good private schools (they have no debt and are doing it, because they feel the level of education for their kids is better, so I view this as good reasons), and in discussion they pointed out that if their sons go to a Canadian University it will actually be CHEAPER for them to go there than their current private schools. That kind of floored me, but I do know that if I could afford to, I would investigate private schools a bit further (I think my kids are getting a good education, but I know that Private institutions have the luxury of offering more tailored programs for kids).
Is it a good thing financially to go into debt to send your kids to a private school? Well, I am not sure I agree with that as a choice (I think this depends on the level of debt you are at), if you think it is important, then maybe you need to add this to your financial plan, and more likely than not you need to forego other things.
Any comments? This is a good question, is it a good financial decision to send your child to a Private School (let’s not discuss University or Post secondary stuff, that is another question)?
–C8j
March 20th, 2006 at 6:13 am
Yes it is true. It is less xpensive to send your child to a Canadian university than it is to send them to private elementary or high school. The quality of education provided at a private school may or may not be better than what is provided at a publicly funded facility. It is all dependent on the principal and the staff involved.
Someone I know who sent their child to private school described the difference as mainly to do with the price of drugs available on site. Sigh.
April 20th, 2006 at 11:38 am
Of four children, three have spent some of their elementary or high school years in private school. The experience was expensive, less than satisfactory, and I agree with the comment about the price of drugs. Well-off kids can afford the most dangerous drugs. I would never recommend private school over a decent public school