I’ve long wondered why people still spend a fortune attending private school when education is 100% free now thanks to the internet. I attended The College of William & Mary from 1995 – 1999, a public school that charged $2,800 a year in tuition (~$10,000 a year all-in) because I felt guilty having my middle class parents pay for my education. I wanted to pay them back and knew that worst case, I could with a minimum wage job.
I’ve also wondered who are the kids that attend our nations most elite private schools? Are they that much smarter than the rest of us? Or are their parents so rich they don’t think twice about the astronomical price tags? Something must be wrong giving the student debt issues we keep hearing about.
I had a 3.7/4.0 GPA, was the captain of my varsity tennis team, and won a couple academic awards but didn’t have a snowball’s chance in hell of getting into private school mainly due to my mediocre SAT score. Then again, I’ll never know for sure because I never applied. The gap between in-state tuition versus out-of-state tuition or private school tuition was just absurd.
I’ve invited reader Money Commando to break down the private versus public school debate as someone who graduated with the most lucrative major from one of the most selective private schools. Take it away MC!