CNBC.com recently ran a great story on the importance of education and the steps that average Americans can take to afford a private school education for their children.
If you have school-age children, investing in their education might well be one of the wisest investments you could make right now. But when money is tight, a private school education may seem more out-of-reach than ever. It need not be.
Private education is sometimes considered a luxury, and yet, according to a recent study by the federal government’s National Center for Education Statistics, more than 5 million students in the United States attend nearly 30,000 private elementary and high schools. They can’t all be scions of the super-wealthy. How are they doing it?
Although tuitions range from the high four figures to more than $30,000 per year, many, if not most, schools have a firm commitment to making their offerings accessible to a wide variety of families. What’s more, they will often work hard to help make it possible.
The primary source of financial assistance for elementary and high schools comes directly from the schools themselves. “Schools distribute their own funds and so there are no ‘oversight’ groups that dictate how they award to families,” says Melvin Rhoden, of School and Student Service for Financial Aid, or SSS.
As we have said before, many of the New York Firm Schools cherish the student diversity that does isn’t always available in one financial income bracket. Most schools offer tuition aid and financial aid programs as well as grants and sliding scale tuition costs that can make a private school education affordable for many families.
Finding the right financial aid for your child isn’t always easy, but the distinct advantage of a private school education in NYC is worth the extra work.