I’m a parent of similar aged kids. If one of them approached me and my DH with this idea, here is how we would talk through it with our kid…
DH & I: “So kiddo, you are telling us that you are frustrated with your current school because they are limiting your academic opportunities, they play favorites with other kids, and it’s small and rural and you just don’t like a lot of the kids there, because they are small town small minded jerks a lot of the time?”
Kiddo: “Yes”
DH & I: “And you are also telling us that you are frustrated with where we live, because you are hours away from great hunter jumper trainers, and can only take lessons a few times a year, and only do A shows a few times a year?”
Kiddo: “Yes”
DH & I: And you are telling us you have dreams about what you want to do with your life once you reach adulthood that involve attending Texas A&M, getting an equine science degree, competing on a collegiate riding team, and then graduating and becoming a top level equine professional in the hunter jumper industry?
Kiddo: “Yes”
DH & I: So tell us again how all of this fits together, and what school and lifestyle changes you want to make in order to achieve these dreams?
Kiddo: “Well. I found a boarding school with a riding program. It is expensive. But the riding program has great horses and goes to all the shows I really want to go to. It would cost $75,000 a year to attend, and we might need to pay another $10,000 to $15,000 to attend all the shows I want to do each year. But if I went there, I would have more academic opportunities, get me out of this small rural Texas school district with kids I don’t relate to, it would very likely set me up to get into Texas A&M and probably get on their riding team, and it would help me make connections so that eventually I would be in a great position to be a top level professional in the hunter jumper industry.”
DH & I: “So that sounds like an investment of $85,000 to $90,000 per year, for 4 years. So somewhere around $350,000 total. All so you can go to a public university that is in state?
Kiddo: “Yes”
DH & I: “Why can’t you work hard at your academics at the small rural school you currently attend, do some extra classes on your own, and get in to Texas A&M like any other kid, without spending $350,000 on private school?
Kiddo: “Well, it’s also about participating on the Texas A&M riding team for 4 years while I go to college there.”
DH & I: “What if we saved over $100,000 for the next few years, and spent it on a really nice horse for you, and then supported you horse showing independently during college, if you don’t make it onto the actual Texas A&M riding team? Would that work? It would be far less expensive than the boarding school you want us to pay for.”
Kiddo: “Well… I really want to go to the boarding school, because one girl who went there and was on their varsity riding team eventually got a job working for Laura Kraut.”
DH & I: “How much does Laura Kraut pay this girl for that position? How much do top hunter jumper professionals typically make once they get established in their careers?”
Kiddo: Well… I don’t really know. I know a lot of people who work for top professionals get a position that involves having their living expenses and board for one horse covered, and they get a small stipend. But they also get free lessons and ride horses all day and go to all the coolest shows.
DH & I: “That sounds great. But it’s not something someone can do indefinitely. Only for a year or two or three while you are young. What do people make when they are professionals?”
Kiddo: “I don’t really know. It’s apparently very hard. A few people who are the best, and have wealthy clients and sponsors seem to have great lifestyles. But many other people work 7 days a week, 12 hours a day, and barely get by. Horses are very expensive and the sport is very expensive.”
DH & I: “Hmmm. We are not so sure it is wise for us to spend $350,000 for you to go to an elite private boarding school just so that you can attend an in state public university for 4 years, and go on to get a degree that doesn’t have much in the way of cross industry utility. Especially if the end goal is to go work for an elite athlete for a few years, but essentially get paid next to nothing, all so that you can enter a profession where it is VERY hard to make a living, and there is an incredibly high rate of failure. This represents a terrible ROI on an investment of $350,000 in your education.
We think we need to talk more about how we can improve your immediate situation at school, and what we can do to help you reach some of your goals with horses over the longer term, so that you have things to look forward to and strive for.”
Last thing…
DH & I: We insist that if you want to get an Equine Science degree, you do a double major and also get a more practical and useful degree so that you have a fall back plan. Business Administration or Accounting or something related to Computer Science are all acceptable. We know this will involve lots of extra studying and be hard, and you aren’t interested in these things, but as your parents, we think it’s important for you to have some sort of marketable degree that you can actually use to help you earn a living when you graduate from college. Horses are great, but the rate of bankruptcy and failure when it comes to horse professionals is very high. You should have a good fall back plan before entering this profession.