Jennifer Lopez is at the point in her motherhood where she has to find a good school for her twins. Lopez has been interviewing with schools in Los Angeles to find the perfect fit for her kids who will be starting kindergarten in the fall.
With kids in tow, Lopez visited the famous Buckley School located in the San Fernando Valley. Buckley is considered to be the best school for high-status children in the L.A. area. Tuition and other charges come up to $33,345 per child, per year.
Other parents who are now looking to Buckley for their own children or who are alums themselves are Paris Hilton, Kim Kardashian, Nicole Richie, Matthew Perry and one student who is enrolled now is Paris Jackson.
With the fame surrounding celebrities, it would be difficult to locate a school where their children can get a good education and remain safe during the school day. Buckley boasts a beautiful 18-acre campus nestled away in a wooded canyon.
The Los Angeles City Council unanimously approved a $40 million tax-exempt bond to Buckley in 2012. The bond was to allow the school to improve the campus area, without taking from the tuition funds coming into the school.
Councilman Tom LaBonge is in charge of that part of the valley and brought the idea to the council on June 22, 2012. Councilman Paul Koretz immediately seconded the plan and within a week, on June 26, the loan for new science, math, performing arts and general classrooms, library, athletic and administrative facilities received an okay.
Meanwhile, in the “real” world, children in the regular schools surrounding the pristine Buckley campus are stuffing 40-plus children into every classroom, under a budget that doesn’t provide children with everything they need to receive an education.
The money Buckley received comes from the California Municipal Finance Authority, a non-profit with over 150 cities enrolled as members.
Investors who join the CMFA do not pay state or federal taxes on the interest earned from money given to the funding because the loans taken by schools, developers and the like are providing a public benefit.
Public benefit? How many of us can afford over $30,000 per year for each of our children to attend Buckley or a school like it?