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New Jersey governor Chris Christie was on the local New Jersey television show we defended said -- children private schools.
While these cutting public for funding of for the public schools and one mother course confronted him and of the game very blunt reply and it got me thinking.
He wants the religious element talked Jewish children but our private schools better and he pointed out regarding pays for the public school -- neighborhood.
You private schools provide a better education in the public schools or are heightened completion private schools just -- status symbol for those who can afford them.
And who would do a better job -- a bad school the government or public company.
Well Steve from F Clinton Illinois former student who went to a parochial school when he was a child.
Now he's a public school teacher and he says that.
Private schools do offer better education but it's because parents are paying and therefore more involved and Steve is our caller of the week.
Private schools do offer better education but not for that reason -- ever Olympics.
It's because parents are more likely to be -- ball.
Because they're paying more minute ago the big differences is that here in which they're paying in New York 40000 dollars they're more likely gonna make sure that -- child comes home.
They do their homework and that -- studying -- -- public school.
You know if you're not paying anything or barely anything it's very easy to -- like that who care.
We'll talk more about this topic managing director for or -- capital Manfred -- Awad.
And policy analyst for -- center for education reform Adam -- It gently start with you because you know we've we've convinced after -- various programs here on Fox Business about schools.
And you've been very helpful to me about.
You know so much about schools here in New York City and private schools using your children you just told me you spent a lot of money -- to.
Raising four children private schools -- but you'd you'd think he got -- dollars' worth.
Yes absolutely I think they leave the education the private school education in New York City -- first class by by any metric.
I mean look at what would you want feed children you want a good competitive education.
You want them to have good standardized testing for when they go to college you want them to have an opportunity to be properly prepared for college for you want.
Good college placement.
You want good athletics and you want good extracurricular and you want -- going to to school with other kids.
Who we're gonna benefit them socially and and and and through their life.
Now in some places you can do that and a public school and some places you can't so it depends where you live in Manhattan it's very hard.
Well and affect how you told me there was one particular neighborhood in Manhattan that a fight lived in that neighborhood I could send -- might my children to that particular public school.
And it happened to be an exceptional public school yet they -- exist by the of that particular school only goes through the great -- well what's your take on the on this public vs private I -- of the the number here in New York is is of course its New York City which is not the normal across country.
This is its own little planet here but it cracked 40000.
Dollars a year for private school tuition.
Is that worth it.
Well I don't know about 40000 dollars and and actually the high and high high price tag.
Private school is the exception not the rule in private schooling those private schools cost far less than what is spent in public schools in fact the typical private school -- this country's.
That charges about 6000 dollars in tuition.
And that's compared to around thirteen thousand dollars per student that they're spending and what you're what you're gonna pay a little you're gonna pay that good.
Property tag your pain for the -- -- Google -- -- -- -- it's out of pocket.
Right yeah absolutely it's still big burden for for for parents that's why I think it's it's crazy when people politicians are attacked for sending their kids to private school well.
They're saving public schools -- -- -- money they're actually doing a public service there because they're paying out of pocket and still paying.
Their property tax like the governor of New Jersey was talking about but.
Know the evidence does show that.
But private schools do do better even with -- low income at risk students then public schools and they do it for a fraction of the cost so.
-- just on efficiency terms.
You know that -- -- far away how did they do it cheaper because of one argument we hear all the time is you got to spend more money on schools in order to get.
Quality education for the future generations throw more money yet.
Well an end and we all know more money doesn't equal better education if it did in Newark would be performing you know better than most districts in the country spending around point 3000 dollars per student.
You know DC is spending 28000 dollars per student it's just terrible in fact.
The worst performing districts usually -- of some of the highest spending districts.
-- the difference is waste.
In the public sector no big surprise it's run by the government so there's far more employees than are necessary they're not as productive.
There's been a huge increase in the number of public school employees -- the last few decades huge increase in overbuilding bells and whistles on buildings -- -- private school even.
Many very good ones the buildings are nothing fancy because they're focused on what's important and that's education not all the bells and whistles.
-- you -- on the board of some of the private schools that your children have attended.
How do you cut through to get that education and did you have issues regarding unions and other outside -- meld their.
There are there is accountability in the private school sector because there's ahead of the school in the head of the school is chosen by a board.
And reports to the board and the board meets regularly.
On the finances of the school we'd look at that we look at them revenues vs expenses -- the expenses what do we have to raise what can we cut.
Most schools have an operating deficits -- they have to have giving.
And and and the parents have to chip in even more there's an endowment fund -- -- properly manage that so there is a system.
Of accountability in the private school sector and if you're gonna if you're gonna pay that kind of money.
You're you're you're in with your kids your that you're gonna do everything you can't make -- and if you're an underprivileged kid on the scholarship.
You really worked hard to get your child.
Into that school -- -- so that they have an opportunity equal to go to the wealthier kids so you're gonna be all and so everybody's in it together every different area.
Are involved in the education of their children but they're also involved in the in the running of the school and that may be the take away -- all this but I got to leave it there -- Parent involvement I'll leave it there for a Adam -- from my data thank you -- -- thank you very flawed.
I was -- for capital management thinks.
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