Tuition and Costs

You and I can understand the average cost of tuition of private schools as detailed in Private School Review by being aware of a couple of factors. We will take a look at those factors and also show you how the cost of a private K-12 education varies from region to region. That way, if you have to move from one location to another, you will have a general idea of what to expect as far as your private school expenses go.

We will begin with a look at how the cost of elementary schools compares with schools offering high school grades.

Costs subsidized by religious organizations

Let's examine one reason why average tuition costs can be less in one area than in another. That has to do with the number of religious schools included in the statistics. I am not being negative here. Just factual. Faith-based schools, be they Roman Catholic, Jewish or Christian, or any other religion, tend to be subsidized by their religious organizations. For example, a temple that establishes an elementary school will do so to serve its congregation in the first instance and then as an outreach to the wider Jewish community in the second instance. The tuition generally will be discounted for families who are members of the temple. This practice is similar to how state universities charge less for students who are state residents as opposed to students who are from out of state.

This video offers an overview of

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 that 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

Opinion

Private school vouchers are available in one form or another in thirteen states and the District of Columbia. That being so, I wondered whether schools which accept vouchers are subject to state regulations over and above what they normally would be subject to. The National Conference of State Legislatures has a useful State-by-State Comparison of School Voucher Laws which allows you and me to compare the various programs.

Background

Currently thirteen states and the District of Columbia have enacted laws which provide scholarships for students meeting specific conditions so they can attend private school. These scholarships are generally referred to as vouchers. Do these private school voucher programs give parents' the choices they desire? Do private schools' give up their most cherished feature, namely, their independence? How are these programs working? What results are they achieving?

John Stoessel and others make the case for vouchers.

Most voucher programs have good intentions. They seek to give parents options in a specific set of circumstances. Sometimes the state voucher law is written to give vouchers to students with a learning disability. Other laws are written with low-income families in mind. Interestingly enough there seem to very few conditions which the private schools accepting vouchers have to meet. If the school merely accepts students without being concerned as to the source of their funding, the school apparently does not have to sacrifice any

How Much Do Private Schools Cost?

The cost of a private school education ranges from virtually nothing at several free schools to well over $125,000 at a couple of exclusive European boarding schools.

• This doesn't include all the extras such as riding or music lessons, school trips, travel to and from the school, local transportation, health insurance, computers, and so on.
• These sundries add up quickly, so don't forget to take them into account.
• Also not included are acceptance deposits, application fees, and admissions testing.

Canva generated this picture of students in their science lab.

Here are some examples of what the various types of private schools charge.

• Remember that this is merely a sampling.
• Explore every school that interests you thoroughly as part of your school search process.
• Set aside financial concerns for the moment.
• Focus on finding the school which is the best fit for both you and your child.
• Paying for private school tuition is obviously a major concern. Most schools will offer financial aid as well as other options.
• Visit school websites in order to determine the current costs. Find that information under the admissions links.

Day Schools

Day schools are non-residential schools.

• Most of them offer classroom instruction from 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, particularly varsity

It's certainly fun to navigate different private school sites and see what's out there. And you must do that, not only on your own but with your child. For all sorts of good reasons. Remember: your child needs to buy into this important decision. It mustn't be a unilateral decision unless the circumstances are exceptional such as your requiring a school for special needs or a therapeutic school. In those situations, obviously, you know best and will make the appropriate decision for your child.

There's another consideration we parents need to review carefully as we decide which private school is the best one for our children. And that's the cost. But don't just look at the price! Why? Because there are several factors in play when it comes to paying for a private school education.

1. Financial Aid

Depending on your financial situation the school may offer you a financial aid package. This could well have the effect of making that school that charges $25,000 a year as affordable, for example, as the school which charges $18,000 but offers no financial aid. So, ask questions and get the answers you need about financial aid. Financial aid programs vary from school to school. Assume nothing. Ask.

This video from the Parents' League of New York discusses financial aid for private school tuition.

2. Tuition-Free Education

The other factor to consider is that you may be able