Affording the Cost of Private School
A great way to get a group of people to see dollar signs is to bring up private school; there’s no doubt that most people associate private education with high prices. Of course, not all private school options are a five figure investment, but the point that private school can be expensive remains. Some people advocate for a school funding structure where public money goes toward private education, through vouchers or another system, and debate on this subject has filled a lot of airwaves through the years. But the current reality is that public money pays for public (and Catholic) schools and not for private and independent schools.
This means that the decision about whether or not to send our children to private school, or even which schools to consider, can be influenced – sometimes heavily influenced – by the associated tuition and expenses. Elaine Rachlin is a financial planner and her Epoch Times article about funding private school comes at an important time. With the world economy in turmoil it’s not an easy time to think about the thousands of dollars private school may cost. But Rachlin has a few tips that could go a long way to helping parents decide just what is affordable.
