Private School Tuition | TigerDroppings.com

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ThatsAFactJack
Broussard
Member since Sep 2012
385 posts

Private School Tuition


My daughter is 3. She will start private/catholic school in August of 2015. I already have her first year of tuition saved ($4000). Where should I stick this money since th time frame to needing it is about 18 months? I currently have it with CapitalOne360 earning a whopping 0.75%.

Thanks in advance







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anc
Member since Nov 2012
1557 posts

re: Private School Tuition


Question isn't about private school tuition, its about how to sock $4k for 18 months.

You might find a 18 month CD at a credit union that pays 1.25%, but you aren't going to get much better for short term.

If you are asking about private school, I'd have reservations on a private school that only costs $4,000 a year.







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ThatsAFactJack
Broussard
Member since Sep 2012
385 posts

re: Private School Tuition


ITs a catholic school in Broussard, LA. St. Cecilia School. Its prek-8, not a college. The prek tuition is $4900. I have $4000 already saved up. That is the going rate for catholic schools in Lafayette Parish. Not sure what your point is about the cost.


LINK



This post was edited on 12/4 at 4:09 pm


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stevengtiger
LSU Fan
Shreveport
Member since Jul 2013
852 posts

re: Private School Tuition


That's cheaper than in Shreveport. We pay almost 50% more than that here. I would suggest looking at a one year CD or something in that nature. May be able to do alittle better than your savings account.





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anc
Member since Nov 2012
1557 posts

re: Private School Tuition


quote:

Not sure what your point is about the cost.


Unaccredited school. $4900 is a waste in my opinion. Reputable Catholic schools have their accreditation. That cost threw up a red flag - its cheap. Its cheap because its not accredited. Of course this is my opinion and I know that some might not share it.

LINK







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Sonic Boom
LSU Fan
Lafayette
Member since Dec 2009
51 posts

re: Private School Tuition


Have two kids there now and one kid at STM that went there. The one at STM is doing great in honors classes. Is St. Cecelia the best in the area? I would say no, but it is more than adequate. Driving into Lafayette to bring kids to school would not be fun. I would not hesitate to send my child there if I were you. Good luck with finding a good return on that money in the short term. I don't have any suggestions for that.





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756
LSU Fan
Member since Sep 2004
9517 posts

re: Private School Tuition


IF you want liquid and secure CD is your only real option

IF you are willing to risk a little check with your broker and there are some good options that can net you in the 4% market






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HeadyMurphey
LSU Fan
Los Santos
Member since Jan 2008
15762 posts
 Online 

re: Private School Tuition


quote:

Reputable Catholic schools have their accreditation. That cost threw up a red flag - its cheap. Its cheap because its not accredited


There are a couple accredited catholic schools in BR that cost less than 5K






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MG
LSU Fan
New Orleans
Member since Dec 2007
268 posts

re: Private School Tuition


Put it into a 5yr CD at a higher interest rate than the 18 month CD. Get one with only a 3 month penalty. Then in 18 months, take it out with the penalty. You will still make out better than the 18 month rate.







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ThatsAFactJack
Broussard
Member since Sep 2012
385 posts

re: Private School Tuition


quote:

Sonic Boom


Glad you like St. Cecilia. My old man is the principal there and Fr. Louie is a very close friend of the family. My daughter will be going to St. Cecilia regardless of what the douche bag earlier is spotting about it not being accredited, etc. My old man was the VP at Fatima prior to taking the SCS job so I'm pretty sure he knows a thing or 2 about running a school and having a good curriculum.






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Ric Flair
LSU Fan
Charlotte
Member since Oct 2005
7138 posts

re: Private School Tuition


I would take a different approach, and use the 4k to start a 529 plan for college. If you can't cash flow tuition for private school, reconsider private schools or move somewhere with good public schools. That 4k will grow significantly invested for 15 years as opposed to 18 months.





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Gaston
LSU Fan
Dirty Coast
Member since Aug 2008
19768 posts

re: Private School Tuition


I send my son to private catholic school that isn't on that site. I think the teachers and the curriculum and lesson plans are all shite and it makes me want to pull him out. The kicker is that the public schools in my town are worse. The next town over, just across the bridge, has accredited public schools but they didn't offer an out of district price for admission. Maybe we should check into it again.

The plan now is to pull him and send him to the episcopal private school over there, which is also not accredited. Idea being, they at least have competition with the public schools (some of the best rated ones in Mississippi) and if they didn't offer a decent product no one would send their kids there. Shitty logic, but the education my son is receiving from his school is and has always seemed to be a random collection of parlor tricks and nothing resembling a decent foundation. We even held him back in kindergarten for another year of complete bull shite.






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ThatsAFactJack
Broussard
Member since Sep 2012
385 posts

re: Private School Tuition


quote:

Ric Flair
quote:

would take a different approach, and use the 4k to start a 529 plan for college. If you can't cash flow tuition for private school, reconsider private schools or move somewhere with good public schools. That 4k will grow significantly invested for 15 years as opposed to 18 months.


I can cash flow the tuition for private school. Hell her daycare costs as much as private school tuition. I just happened to have $4000 drop in my lap the other day and figured I'd just sock it away for her 1st year of tuition.






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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
67525 posts

re: Private School Tuition


quote:

That cost threw up a red flag - its cheap. Its cheap because its not accredited.


That is about right on price in this area, my kid's school is comparable in price and is accredited on that site.






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nelatf
Louisiana Tech Fan
NELA
Member since Jan 2011
951 posts

re: Private School Tuition


Some private schools will give a decent discount to pay tuition in full prior to the beginning of the school year.

My two kids go to private school and paying the tuition up front gives me a 2 percent discount...better than any savings instrument at my disposal.






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anc
Member since Nov 2012
1557 posts

re: Private School Tuition


Douchebag here.

Tell your old man to get his school accredited. Its ridiculous not to be. Some people actually look at things like that. If the school is solid, an accreditation from SACS will only make it better and attract new students.




This post was edited on 12/5 at 1:01 pm


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LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
4791 posts

re: Private School Tuition


quote:

That's cheaper than in Shreveport. We pay almost 50% more than that here


Where, Southfield? St. Joseph's is about the same price from K3 - 8th grade.

/hijack






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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
67525 posts

re: Private School Tuition


quote:

If the school is solid, an accreditation from SACS will only make it better and attract new students


There's a waiting list to get into that school






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ThatsAFactJack
Broussard
Member since Sep 2012
385 posts

re: Private School Tuition


quote:

yellowfin
quote:

There's a waiting list to get into that school


Yes there is a very long waiting list for next year's PreK class. And there are always a waiting list in each grade incase spots open up.






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brgfather129
Texas Tech Fan
Austin, TX
Member since Jul 2009
7970 posts

re: Private School Tuition


quote:

I'd have reservations on a private school that only costs $4,000 a year.


I'd have reservations taking advice from someone who thinks you should be paying more than $4k/year to educate a five year old.






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