The last thing any of us parents want is for something to happen to our darlings. All of us in our quiet reflective times breath a sigh of relief that we have gotten thus far without serious accident or injury to our children. But the reality is that the unexpected can and does happen. God forbid...
Here are some examples of what the various types of private schools charge. Remember that this is merely a sampling. You should explore every school which interests you as part of your school search process.
Day schools are non-residential schools. Most of them offer classroom instruction Monday to Friday. Intramural sports and activities are fitted in during the week with many schools devoting an afternoon to non-classroom activities. Occasionally there will be events planned for Saturdays, in particular varsity sports.
- Forsyth Country Day School, Lewisville, North Carolina
- Greenwich Country Day School, Greenwich, Connecticut
- Rye Country Day School, Rye, New York
Parochial schools are schools attached to a religious congregation. Religious instruction is an integral part of the academic program.
- Killian Hill Christian School, Lilburn, Georgia
- North Raleigh Christian Academy, Raleigh, North Carolina
- St. Joseph Parish School, Grafton, Wisconsin
- Yeshiva Gedolah of Los Angeles
Montessori schools follow the teachings and philosophy of Dr. Maria Montessori. Her...
There are not many scholarships for K-12 private school students. Still, it is worth doing your research in this area to uncover the scholarships which do exist. Several states have programs set up which allow citizens to contribute to funding for private schools. Arizona and Washington offer special tax credits for gifts to private schools for scholarships.
This is the most exciting part of the 'paying for private school' picture. Understand that each private school is independent. Each school stands on its own two feet financially speaking. That's why financial aid will vary from school to school. Older, established schools such as Andover and Exeter have substantial endowment funds. That's why they and a few other schools can offer a virtually free education to students who come from families which make below a certain amount. $75,000, for example. But you will have to visit the schools' web sites to find out the details. Better yet, call and ask.
If you are strapped for cash, but have assets which can be pledged as collateral,...
Let's look at the facts.
Conservative Investment Policies
The investment approach for private school endowments has historically been a conservative, cautious approach. Trustees and their advisors have generally been good stewards of their finances. They avoided risky investments such as derivatives and real estate despite calls from some quarters to maximize returns. The reason for the decline in their portfolio value is simple: just about every investment-grade instrument declined.
Back in the 90s, sustainability became an important principle in private school mission statements and philosophies. The National Association of Independent Schools has taken a leadership role in supporting all kinds of sustainability initiatives including financial sustainability with its 1,500 member schools.
From the Nais: "In order for independent schools to thrive in the 21st century, NAIS believes that they must be sustainable along five dimensions: financial, demographic, programmatic, environmental, and global."
As a result, schools with significant endowments (greater than $10 million) generally were well-positioned to weather the economic storm which 2009 brought on with a vengeance.
Financial Aid is a Priority
Financial aid goes to the heart of most private schools' commitments to diversity. It is not an...
The Foundation Center keeps Forms 990 for every non-profit organization which files with the IRS. It is fairly easy to see how much the school reported as income and expenses as well as a wealth of other data. Note that it is frankly impossible to compare apples to apples when it comes to private schools. Even their accounting and reporting varies from school to school. But a review of the data paints the same picture: costs are rising.
Another fact to consider is that tuition charged by a school does not completely offset expenses. That is why you will see your tuition bill filled with additional charges for technology, communications, laundry, athletics, uniforms and so on. These sundries, as the more bespoke schools style them, vary from school to school.