Understanding Private School Tuition

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Understanding Private School Tuition
We look at why tuition costs vary so widely from school to school.
Comparing private school tuitions from one school to another is in so many ways the classic apples to oranges comparison. Why? Because each private school is unique. Each school has its own expenses and sources of revenue. But the variables implicit in the calculation of tuition cost are what drive the numbers. Income and expenses are unique in the same way each private school is unique. With that apples to oranges analogy in mind let's look behind the numbers we see on Average Private School Tuition Cost here on Private School Review.
 
Understanding tuition
 
In its simplest form tuition is the amount of money which a school charges for educating your child. Tuition is revenue or income on the school's balance sheet. This is the dollar figure which a school has to charge per student in order to offset all the many and varied expenses of running the school.
 
To arrive at the amount to charge per student the school has to add up all of its expenses. From that total it subtracts any income from investments, endowments and gifts. That net expense is what our tuition charges must offset. To remain viable a school simply must balance its budget. It cannot spend more than it takes in. If it does, it will soon go out of business.
 
The number of students for which a school has places is the next part of the calculation. For example, if you only have places for 350 students and your expenses are $10,000,000, that works
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Too Long To Read?
TLTR? There are a couple of private school documents which you need to read.
TLTR? Many parents don't take time to read the contract and other documents which the school sends you once your child has been accepted. It is time-consuming. The contract language is often confusing because it is written in legal language.

But you simply must take the time to read and understand those documents before you affix your signature and send off the deposit check.. Even if you happen to think that they are too long to read.

The two basic documents are the Contract and the Discipline/Honor Code. Not only should you read them carefully but make sure that your attorney reviews both documents as well. As Benjamin Franklin said so succinctly: "An ounce of prevention is worth a pound of cure." It makes more sense to understand what you are agreeing to before you sign rather than to discover material information after the fact. A contract is a legal document.  It is enforceable in a court of law.

Contracts
 
Start with that contract which the school sends you after it has accepted your child. Remember that it was written by the school's attorney, not yours. Since that is the case, you need to have your attorney view the contract before you sign. She will explain any of the legalese which is not clear. She will also explain your obligations as well as the school's obligations. Here's an example of the sort of wording which you need to read and understand carefully:
 
"I/we
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Private Schools: 10 Challenges You Will Face
As you begin to think about sending your child to private school you will quickly become aware of at least ten challenges you will face.
As you begin to think about sending your child to private school you will quickly become aware of at least ten challenges you will face. If you are intrinsically well-organized and able to cope with a major project, tackling all that's involved with getting your child safely off to private school shouldn't be too difficult. There's just a lot to the project. If you find projects daunting, hopefully this short essay will help you focus on the main sections of the process. Let's get started.
 
1. Deciding whether to send your child for primary grades or high school

I am assuming that you have made the decision to send your child to private school. We have several articles on Private School Review which explain the differences between private and public education. If you still need help making that decision, then read those first. Then circle back and pick up with this first challenge.
 
There are two schools of thought on whether you should send your child to primary grades or high school. One line of thinking is that your child needs a solid foundation in core skills such as reading and math, for example. That's why proponents of that approach are so adamant that you should send your child in the early, formative years.  The other school of thought touts the idea that a solid college preparatory education in the high school years is important. The thinking is that an intensive preparation for college level studies will help
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Get Help Writing Your Child's Admissions' Essay?
Surely no parent would think of writing their child's admissions essay, would they? You never know.
There was an interview article entitled Early Decision in Inside Higher Education which examined the issue of having a tutor or other professional help write your child's college admissions essay. It got me thinking about the type of parent who feels he or she must always 'improve' their child's work. Up to and including things like admissions essays which are supposed to be their children's own work.
 
Well, the article to which I referred above was focused on college admissions essays. Might not the same practice take place in private secondary schools? I suppose it is possible but probably unlikely. I remember when I was interviewing students for R-E-S-P-E-C-T Academy in Nassau, Bahamas. Part of the interview process included having the applicant sit at another table while her parents and I chatted. The applicant was given a sheet of paper and a pen and asked to write a paragraph or two about some simple topic. "My favorite meal" or something like that. There was absolutely no way the parents could interfere with their child's writing. She had to do it all by herself.

Think of the admissions essay as a snapshot

Why is writing your own admissions essay so important? Because the admissions staff wants to know what your child thinks, what her opinions are and how she arrives at those conclusions. An essay synthesizes so many things which your child has learned over the years.  An essay provides a window into your child's
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From the School's Perspective: Is Accreditation Necessary?
Becoming accredited involves a rigorous process of internal self-evaluation and external review. Is it worth it?
I believe that accreditation is necessary for any educational institution. Simply put, accreditation is to a school or college what an academic diploma or degree is to an individual. That objective stamp of approval is earned by meeting a prescribed set of standards. The assessment of whether the school has met those standards is made by independent members of the accrediting organization. 
 
Why is accreditation necessary for a school? Because it confirms that the school is committed to obtaining the best possible outcomes for its students. Parents want to know that they are making the right decision in choosing a private school for their children. Accreditation reassures parents that the school's programs have been evaluated and have met the standards required for accreditation.
 
Accreditation is typically administered by regional associations which have specific areas of the country under their purview.
 
 
Here is a list of the associations together with the states and areas which they cover:
 
Covers: MSA: Washington DC, Delaware,  Maryland, New Jersey, New York, Pennsylvania, Puerto Rico, U.S. Virgin Islands and Overseas
 
Covers: Utah, Idaho, Washington, Alaska, Oregon, Nevada, Montana and Costa Rica
 
Covers: Arizona, Arkansas, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, New Mexico, North Dakota, Ohio, Oklahoma, South Dakota, West Virginia, Wisconsin and Wyoming
 
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