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Zephyr Management's Jim Awad and the CATO Institute's Adam Schaeffer on whether children get a better education in a private school versus a public sc...
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Well New Jersey governor Chris Christie was on the local New Jersey television show -- defended said he children private schools.
While these cutting public for funding of for the public schools and one mother court confronted him and have -- very blunt reply and it got me thinking.
He wants to religious element talked to his children but our private schools better and he pointed out regarding pays for the public school in his neighborhood.
You private schools provide a better education in the public schools or are high -- we -- private schools just to 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 -- of the week.
Private schools do offer better education but not for that reason -- -- Olympics.
It's because parents are more likely to be involved.
Because they're paying more minute ago the big difference and his -- here in which they're paying in New York 40000 dollars they're more likely gonna make sure that -- -- -- -- They do their homework and that they're studying -- -- public school.
You know if you're not paying anything or barely any thing is treated just like that who care.
We'll talk more about this topic managing director for or zephyr capital management -- may -- And policy analyst for -- center for education reform Adam -- And 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 -- Raising four children private schools are -- a -- you think he -- dollars' worth.
Yes absolutely I think they leave the education the private school education in New York City -- first -- 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 -- 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 you know where you live in Manhattan it's very hard.
Well and affect -- you told B there was one particular neighborhood in Manhattan that -- -- lived in that neighborhood I could send my might my children to that particular public school.
And it happened to be an exceptional public school yet they do exist by the -- that particular school only goes through.
The great -- -- what's your take on the on this public vs private I mean 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 -- here but it -- 40000.
Dollars a year for private school tuition.
Is that worth.
Well I don't 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.
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 -- a -- you're gonna pay that -- Property tag you're paying for the public school collapsed on top of -- 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 -- for sending their kids to private school well.
They're saving public schools a ton of money they're actually doing a public service there -- are paying out of pocket is still paying.
Their property tax like governor of New Jersey was talking about but.
-- the evidence does show that.
Private schools do do better even with the 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 they -- their 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.
-- 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 it spending around 23000 dollars per student.
You know DC is spending 28000 dollars for students just terrible in fact.
The worst performing districts usually -- some of the highest spending districts -- the difference is waste.
Bloat.
In the public sector no big surprises 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 over the last few decades huge increase and -- building 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 -- -- -- on the board of some of the private schools are your children have attended.
How do you cut through to get that education and did you have issues regarding unions and other outside -- know there -- 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 look at we look at them revenues vs expenses where the expenses what do we have to raise what can we cut.
Most schools have an operating deficits of -- have to have giving.
And and and the parents have to chip in even more there's an endowment fund CF to 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 -- when -- here and under -- 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 for -- Parent involvement I'll leave it there for a Adams -- from my data thank you been -- thank you very -- I was -- for capital management thinks.
