Well... there's a catch to that. The kids don't have the money, their parents do, so if the parents don't agree to foot the bill, then they are SOL, and they may actually need to go get loans. As Shaq has famously stated... "I tell my kids... You're not rich, I'm rich", and Warren Buffet has famously disinherited his kids and pledged all his wealth to charity.No, they don't. Like, the idea that Bezos' kids are taking on debt to go to school is literally insane.
That's true, but I do wonder how Shaq's kids are treated in life just because they're Shaq's kids.Well... there's a catch to that. The kids don't have the money, their parents do, so if the parents don't agree to foot the bill, then they are SOL, and they may actually need to go get loans. As Shaq has famously stated... "I tell my kids... You're not rich, I'm rich", and Warren Buffet has famously disinherited his kids and pledged all his wealth to charity.
Yeah, I'm guessing that for people like Buffett, imbedded in their refusal to completely fund their kids' lives is the notion that their kids should be able to capitalize on all the connections that they have due to being the child of someone rich/famous/powerful.That's true, but I do wonder how Shaq's kids are treated in life just because they're Shaq's kids.
"It's amazing how much free [stuff] you get when you're rich."
- Chris Rock
"So he's poor now?"
"He's not poor, he's broke. There's a difference."
- Yolanda & Debbie in GLOW
I see this opinion a lot but in my experience isn't super true. Anecdotal of course, but the main advantage is for the university you get into (which then absolutely brokers connection-building if it's Oxbridge or similar). And then there's a lot of stuff around exam boards, subject choices and simply the sheer amount of resources that public schools don't even come close to (as well as other fun things like registering yourself as a non-profit and / or charity and other tax-related funsies).Private Schools are more about the future social connections than the quality of education, especially in the UK.
Indeed. I'm also reminded of the Hollywood actresses convicted in the "college admissions scam." I presume we know about those two because they were the two who were caught so red-handed, they were unable even to sweep it under the rug with more bribes.Yeah, I'm guessing that for people like Buffett, imbedded in their refusal to completely fund their kids' lives is the notion that their kids should be able to capitalize on all the connections that they have due to being the child of someone rich/famous/powerful.
Yes, same here. A few years ago, I heard a round-table discussion on the radio about higher ed here, and a woman who'd worked at both Harvard U and the local campus of the state school. She said the quality of education at the state school wasn't really any less than at Harvard, but the guidance the students received at Harvard was leagues ahead.Private Schools are more about the future social connections than the quality of education, especially in the UK.