If you think private school will be your kids’ educational salvation, I hope you have a deep pocketbook. Top-notch private schools in the Los Angeles area cost about $25,000 a year, reports the Los Angeles Times.
That’s only $3,000 less a year than Harvard. Oh, and don’t forget to multiply that $25,000 by how many kids you have.
The median price for private school is no bargain either: $16,900 for a 12th-grader. That’s $67,600 for four years or $202,800 for 12 years.
I don’t know about you, but that is certainly beyond our means.