With tuition costs on the rise at private primary and secondary schools, as well as private universities, parents often have to make choices about how much money they can spend on their child’s education—and when to spend it.
If education costs are going to be a struggle, should they invest their money early on in a private school that lays a solid foundation for the future? Or should they save their dollars for college tuition and give their child a head start on life without the burden of student debt?
Many parents, of course, will find ways to pay for everything. They might sacrifice their retirement savings, downsize their lifestyle (maybe with a less-expensive home or fewer vacations), or borrow to help pay for student costs.
But is a private school education really worth it?Read more