Would you go into debt for your childs secondary education?
As the title states, would you go into debt for your childs highschool ed and if so how much would be the limit...
Now, when I say debt, I'm not talking $1 - $2k on a credit card, I mean serious stuff like almost $20k per year...
I am really interested in your thoughts, ta in advance
No, if I couldn't afford private school I'd look closely into what good public schools are around or even some catholic schools which still have fees but alot cheaper.
I think kids can still get good education in the public system.
It is a personal choice. Money is money and at the end of the day the question should be can I afford to go into debt not should I. How you answer the question depends on what point of view your coming from.
Definately not. Public schools are just as good. I know many parents who have ended up taking their children out of private schools and put them into public. If you really want to go private there are many schools that are much cheaper, wow $20,000, I'm in a bit of shock.
Ah, well no not that much... are they offering gold plated textbooks? I think a child/teen could get a great education at other less expensive or even public schools.
just running out to get DS from a school dance, will be back later... there is a reason for my question... actually, I think you will be quite shocked at what is about to come out of my mouth... BBL..
Its really hard isn't Nic, I've been looking at schools and the one I'm interested in is around $13K a year...we want a couple of kids so thats $26K a year for 5 years...a whopping $130K for a private school education.
I can't see ourselves going into debt for this though, since we are surviving on one income at the moment, I figure that when I go back to work, it will be to save & pay for the kids education.
I guess we can't be guaranteed that we are going to leave our kids any worldly possessions, but if we give them a good education then they can make their own way in the world more easily.
The school we want to send our girls to, if still in this town at the time, gets up to $18k.
I have my reasons, and Dp and I have already decided we will be taking out a loan to put them through.
If they show/tell us they have no interest in school by yr 9 Im happy to pull them out as long as they have an apprentaship
UNLESS... the school was the only one that offered a particular program, AND Jazz excelled in that area and it looked like she could build a life on it...
Like a sport or music program or something.
Then I'd do my best to get her there.
Df and I also said too we'd prefer to put money away for uni if they choose to go rather than try to pay for private school, that way after uni they won't have to leave with a huge Hecs debt.
I wouldn't go into that much debt.... Not unless I had a crystal ball that could show me whether all that money was going to GUARANTEE that my child was going to become a model student, then model adult, then model employee, then model parent.....etc, etc, etc.
I have seen far too many children throw their expensive educations (although not $20,000 a year ) down the drain.
I think if you have the money to spend, and not have to borrow it, then go ahead....but there are less expensive options
You may have a wonderful child that will excel and go on to do great at school and get an awesome job....but then you might have a child that ends up mopping the floor at Maccas with their $20 000 a year education, LOL.
It's a VERY personal decision that only you can make
No I wouldn't. I'm happy with the education I received at a public school and I'm more than happy that my children will also go to public schools. In my opinion, if a child is excited by learning, then they will do well anywhere. I think it's up to my and my husband to make them excited to learn in the first place. School's can only do so much....
Yes, we've gone in to debt for more frivolous things than an education, so of course. If that was the price of the education option we had chosen and found to be the best option then definately. For us a quality education is invaluable, it will set our children up for a life time and you cannot put a price on that.
We would just become creative in order to avoid paying interest on those amounts, for instance taking out interest free credit cards and continuously rolling over the amounts to other cards. It's worked well for us when we've needed large amounts of money, and want to avoid interest.
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Would you go into debt for your childs secondary education?
) down the drain.
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