Funding the Future

Navigating Scholarships and Financial Aid at Private Schools

Affording private school is a major consideration for most families — but the good news is that help is often available. Financial aid and scholarships are key resources that make a private education accessible to students from a wide range of income levels and backgrounds.

Whether you’re just beginning your school search or actively applying, understanding how financial aid works — and how to position your family effectively — can make a significant difference. This guide explains the key types of aid, how to apply, and what to expect at each step of the process.

Financial Aid vs. Scholarships: What’s the Difference?

Before diving into the process, it’s important to understand two common terms:

• Financial Aid is typically need-based and awarded to families who demonstrate that they cannot afford the full cost of tuition. Schools evaluate your financial situation using standardized tools and documents.

• Scholarships can be need-based or merit-based. Merit scholarships are awarded for academic achievement, leadership, athletic ability, artistic talent, or other accomplishments, regardless of financial need.

Some schools offer both types; others may focus exclusively on need-based aid. For more details, see Financial Aid: Common Questions Answered. Private schools use financial aid to attract and support students who are a strong fit but may not otherwise be able to attend. The process is designed to be confidential, fair,

How to Afford Private School: Real Tips for Middle‑Class Families

Private school tuition can feel out of reach for middle-class families—especially with rising costs and competing financial priorities like housing, healthcare, and college savings. But affording private education isn’t just for the ultra-wealthy. With planning, resourcefulness, and awareness of available support, many families successfully enroll their children in private or boarding schools without compromising their long-term stability.

This guide shares real-world tips and strategies to help middle-income families bridge the affordability gap and access the benefits of private education.

Understand What You’re Really Paying For

Start by knowing what tuition does and does not cover. Some schools include books, technology fees, meals, and extracurriculars in the base cost; others bill these separately. Ask for a comprehensive breakdown of tuition and additional expenses so you can compare schools and budget accurately.

And remember: the listed tuition isn’t always what most families end up paying. Learn to assess the true cost of private school beyond sticker price—this goes beyond tuition to include incidental fees and hidden expenses (such as books, technology, trips, and activities).
Consider reading Navigating Private School Finances: A Parent’s Guide to get an in-depth look at what tuition covers and how costs are calculated.

Take Advantage of Financial Aid

Financial aid isn’t reserved for low-income families—many middle-class households qualify too. Schools typically require income statements, tax returns, and a third-party assessment (like SSS or FACTS). Aid programs often operate on

Private education is a significant investment in a child's future, but the cost can often seem daunting to many families. I can attest to this personally when I opened the invoice from my eldest daughter's preschool. "How am I going to pay this?" was my first reaction. I had similar reactions over the years as both daughters attended private schools before heading off to college. Disclaimer: I am not a Boston Kennedy! Simply a middle-class Kennedy of Scottish ancestry.

Anyway, I have assembled this compilation of my articles to help demystify the complexities of private school tuition. I also wanted to give you some practical strategies for making a private school education more accessible. From understanding the factors that influence tuition costs to exploring various payment methods and financial aid options, I've mapped out a comprehensive overview of how to pay for a private school education. So, whether you're a parent considering private school for the first time or seeking ways to manage existing tuition expenses, hopefully, I can help you make informed decisions about financing your child's education.

Chapter 1
Understanding Private School Tuition
Private school tuition is a complex topic beyond a simple price tag. Each school's tuition is unique, reflecting its specific expenses and revenue sources. To truly understand tuition, we must delve into the factors influencing it and what it covers.

The Basics of Tuition Calculation
At its core, tuition is the amount a school charges for educating a child. It's a crucial part of a school's

Education is a crucial investment in a child's future, and as a parent, planning for their educational needs is essential. In this article, I explore the various educational savings accounts available to parents for private K-12 education. Understanding these options will help parents make informed decisions and effectively engage with their legal and financial professionals. Disclaimer: I am not a financial advisor or tax professional. The information given here is for educational purposes only. Always consult with your financial advisor, account or tax professional before making important financial decisions.

The History of Educational Savings Accounts

Educational savings accounts in the United States have evolved to address the need for specialized savings vehicles for education expenses.

Here is a brief history of educational savings accounts and the key legislative milestones:

1. 1996: The Small Business Job Protection Act (SBJPA): The SBJPA, enacted in 1996, introduced a new type of account called the Education IRA (now known as the Coverdell Education Savings Account or ESA). This legislation allowed families to save for education expenses with certain tax advantages.
2. 1997: Taxpayer Relief Act (TRA): The TRA, passed in 1997, expanded the scope of Education IRAs (Coverdell ESAs) by increasing the annual contribution limit from $500 to $2,000 per beneficiary and extending the use of funds to include elementary and secondary education expenses in addition to higher education.
3. 1998: Internal Revenue Code Section 529: In 1998, Section 529 of the Internal Revenue Code was enacted, creating a new

The utilization of vouchers in education has been a subject of ongoing debate in various states, and Arizona is no exception. Vouchers, also known as school choice programs, provide public funds that parents can use to cover tuition expenses at private schools. In this article, we will delve into Arizona's current state of vouchers, exploring relevant state laws and evaluating the pros and cons of this contentious issue. However, before we delve into Arizona's voucher program, here is a look at the beginnings of voucher programs.

How voucher programs got their start.

Voucher programs have their roots in the mid-20th century. Economists and politicians initially promoted vouchers for educational choices and alternatives to traditional public schools. The concept of vouchers gained traction as a response to concerns about the quality of education, particularly in disadvantaged communities.

Here is a brief overview of the historical context and reasons behind the emergence of voucher programs:

Milton Friedman and the School Choice Movement

The intellectual foundation of voucher programs can be traced back to economist Milton Friedman, who popularized the idea in his seminal 1955 essay "The Role of Government in Education.

Friedman argued for a system where government funding would follow students, enabling parents to choose the educational institutions that best meet their children's needs, including public and private schools.

Civil Rights Movement and Desegregation

During the Civil Rights Movement in the 1950s and 1960s, there was a push for desegregation and equal access to