Here's an interesting fun fact. Parents spend $405,000 per child to go to that fancy school for 9 years. In 1970 dollars that's worth $64,500. Value of $45,000 in 1970. Inflation Calculator for Today's Dollars
State college tuition in 1970 was $350/yr x 4 years = $1,400 for a four year scholarship. $64,500/1,400= 46 students
They spend as much money educate a 1 grammar school student in 1970 dollars as it cost for 46 four year scholarships.

How could this be?