Rugrats are expensive. It's better to rent than buy...
the wife and I are looking at something like $5000 a year when we send our kids to privates schools.
Of course, that is if we had kids right now, which we don't.
So college will be cheaper ping?
Yet another of the 678,831 reasons why I will never live in New York again. The liberals there are reaping exactly what they sow. Pretty soon, if it isn't this way already, the only people left living in NY will be the extremely rich, and the extremely poor. Liberalism at its finest.
the people who send their kids fo these schools - have the cash. its petty cash for most of them.
Wow, can you imagine spending that kind of money on your kid and he becomes the next Taliban Johnny? I'd rather take the cash and invest it in a nice retirement house on the lake than risk relying on a 30 year-old Shakespeare-quoting french fry chef.
Money is no object for the I-bankers in NYC. I know a Goldman parent with three kids in Pre-K right now. For the three of them its $45,000 for Pre-k.
That's for just under 3 hours of school a day.
And the schools no longer supply pencils, crayons, glue, 'add various other supplies'.
Then there are the costs for the school trips.
The fund raising falls on the parents to buy.
Our school has slapped us with surcharges requiring a minimum of fund rasing sales.
Then add on if the kids want to join activities.
The costs are out of control.
Sound familiar?
Sounds like some moving trucks might be headed from Manhattan to Greenwich and Morristown.
A press release from 2004:
"New York City Industrial Development Agency announces preliminarily approval for real estate and sales tax benefits for two industrial companies, Big Apple Distributors of New York Inc. and Portfab LLC, to help them to stay and expand in Bronx. The IDA Board also approved tax incentives for Related Retail Hub LLC, an affiliate of The Related Companies, and financing assistance for three not-for-profit organizations - United Jewish Appeal-Federation of Jewish Philanthropies, Planned Parenthood Federation of America Inc. and Riverdale Country School. These transactions will spur the investment of $175 million in capital projects and retain and create more than 1,100 jobs."
We beat the high cost of private school tuition for the younger two by homeschooling. ;o) Actually our youngest son did go to the private high school our older two sons attended, for two years, but we decided this year to homeschool him for the last two years. He's thrilled cause he'll be able to attend a local Community college for a couple of the courses that he WANTS and not have to sit through a full day of classes. He can do all the other stuff at home. Our daughter homeschooled from the 8th grade on, and graduates this year.
Seems like a waste of coin, but what do I know... I went to public school, capped off with a degree from a little ol' land grant "college" that just happens to be located in God's country (aka Aggieland).
TAMU Class of '88
I cannot believe those prices..YIKES...I had my sons in private school, during the 1970s...not affiliated with any church or religion...just a straight private school....the education was absolutely wonderful, I felt I had found the ideal school for my children, and I was never disappointed...
The tuition...just a mere $300 per month, per child...we thought it was such a high price to pay...my hubby worked Sundays for overtime, and I took a job at nite, just to pay for the tuition...we felt it was a lot of money, but money so very well spent...
But the current rates for private schooling, according to this article, are so very high...I am left speechless...
I attended a small religious (but non-denominational) private school for k-12. Tuition was around $2500/year by the time I graduated ('01). It was a very small school (around 300 students total in K-12), but was leaps and bounds better than the public school in my county.
Ever think of doing what the rest of the private sector does? Increase premiums and cut benefits. Where I'm at, my net pay has gone DOWN for the past 3 years because health insurance premiums has been going up at a faster rate than my pay raises.
New York City education ping.
To paraphrase Yogi Berra, "Nobody sends their kids there - it's too expensive and the waiting list is too long."
Where I am in Cali, we are averaging about 3200 a yr for k through 6th.. I'm hoping we can move after she's out of 6th because there are no decent public or private jr high or high schools here.. Just because it's private, doesn't always guarantee quality. Not that I'd EVER send my kids to public school around here...shudder...
Two of them are high school/college prep schools and one is for grades 5 through 9.