Children - they’re expensive!

in LeoFinance4 years ago

My wife and I just got back from dinner with some friends who are about to have their first child.

Unsurprisingly, there was discussion about the cost of buying things before the child is born and so on, however, eventually the discussion progressed towards the child’s education. And the cost of said education.

Interestingly, the father to be is a teacher at a private school. The annual cost of sending a child to this school is roughly $30,000 per year.

As it turns out, the father has no intention of sending his soon to be born child to this school or any other private school for that matter. The cost is simply too great and the difference between the education gained at a public school in comparison to a private school just isn’t significant enough to justify the cost.

This surprised me. I would have expected that a person teaching at a private school would see the value in the education standard provided at these schools. However it would appear that at least some public schools provide a similar standard of education. And this makes the private school fees completely unjustifiable.

My wife and I are yet to have our first child. For a long time I had planned to send our child (or children) to private school and was expecting to have to suffer this expense. However if a private school teacher does not see the value of the education that his institution provides then perhaps I can save myself somewhere in the order of $150,000 in education expenses.

@mazzle

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It seems really expensive at first and gets better. That's an insane cost and not representative of religious schools in my area.

My niece received a full scholarship to a religious private school. They can be insanely expensive.

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Seems one does not earn enough as a teacher at a private school to send their own child to one. Plus it's probably just not worth the extra expense for little to no benefit.

They’re actually reasonably comfortable financially. But possibly being careful with their money so that they can afford a second child as well.

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It depends on the school, it's also the networks you're paying for rather than the education. In life, education only is part of the key. The rest is who you know.

That is definitely true. Glad to see you’re still here. Hope you’ve been well.

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Unless the public education is terrible it’s not worth it. The cost of education is sickening. Add another $150,000 for public college. God forbid you want to masters for an additional $30,000-50,000.

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My university education was $45,000 on its own. I would hate to see what private for both primary and secondary education along with university would cost...

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My university was $52,000 but that did not included living cost just tuition and books. It's about $100,000 if you add basic living costs. If you live on campus it's $150,000.

Very true. I was fortunate enough to live with my parents while at University. But I still had car, bills and food to pay for. So I guess all up my degree would have cost as much as $70,000.

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It's ridiculous

Really expensive private schools just have more expensive drugs; also a massive insecurity burden for kids who don't own yachts like their classmates.
Cheaper private schools are the go. Lots of genuine love and concern from the staff, not too big a focus on the academics. If they come out with curiosity intact, that's far more important than knowing Latin.

More expensive drugs.. you’re probably right. :)

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Private schools weren't even an option when we were considering education (partly because we probably can't afford it but mostly because we don't think they're worth the money and after finding out fun things like they both charge exhorbitant fees and then apparently cried to the government about how unfair and disadvantageous to their students it was that public schools get funding and they don't they also get government funding I now refuse to deal with them on principle).

I did somewhat consider independent schools (community/Steiner/Montessori type) but only briefly.

If you're in or move to a good area the public school will probably be good (sadly you need to be in a "good" area for the public school to be good) then you'll be fine :)

But yes kids are freaking expensive anyway after you factor in activities and food and things even before thinking about things like schools XD

We just bought a place in a very good public school area. Which kind of lead to us thinking more and more about having kids. Before living here we were more career focused than anything else.

I tend to agree that private schools are largely a rip off. And most are religious as well which is something I really don’t like.

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Interestingly, the man is right

There is no such difference between public or private schools.

The difference will be in terms of the number of students that a class is allocated to in a certain school.

Teachers are made to interact effectively with the students in private schools more than in public schools as a result of the classroom spacing.

But with public schools, this is not so. you will find that your child will have to be suffocated with lots of students in one class without proper interaction between them and their teachers.

The best part about public schools though is that they have experience teachers, who have taught for a long time, and therefore, know their subjects very well.

So if a student is opportune to be close to any of such teachers, he/she will be able to take the knowledge from the teacher and implement it in their tests, exams, and real-life scenarios too.

You just need to take the lesser of the two evils

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