top-end private school is around $63k/year (current dollars). if @robertweathers 3 kids are 4, 6, and 8 years old, and using tuition inflation number of 5%, the future cost would be around $1.4m. using your $30k/year (current) figure, the future cost would be $700k+.Its actually an interesting discussion. Your 800k number sounds like top end private schools? If you think about state schools, more like 30k/yr (not trying to get an exact number, since there are no salary cap implications ;-)) or even trade school/apprentice programs, probably less...
So is it worth it to society to educate people who have the drive to go to school and maintain that C average, regardless of who their parents are? I think even a hard hearted number cruncher might add it all up and say yes. I recently read a piece on the California prison system. It costs the state pretty much the same to hold an inmate for a year as it would to send them to college. Which is really a better investment? (Yes, a bit of a devils advocate there .;-) Feel free to add in paid mandatory service to get a little more value out.
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