Elite private schools in New York City now charge more for tuition than Harvard does, according to Bloomberg.
At least seven NYC private schools will charge over $70,000 for tuition this fall, with Avenues The World School in Chelsea leading the pack at $75,300. That number exceeds Harvard’s $56,550 tuition and surpasses many elite colleges. Fees rose a median of 4.7% across 15 schools surveyed, outpacing inflation and up from a median of $39,900 in 2014.
The schools cite rising costs, including salaries for teachers trying to make a living in expensive New York. About 20% to 22% of students at top schools receive financial aid, with some families getting token amounts “so their family can breathe a little bit more or take a vacation,” according to education consultants who are getting a lot more questions these days about financial aid.
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Elite private schools in New York City now charge more for tuition than Harvard does, according to Bloomberg.
At least seven NYC private schools will charge over $70,000 for tuition this fall, with Avenues The World School in Chelsea leading the pack at $75,300. That number exceeds Harvard’s $56,550 tuition and surpasses many elite colleges. Fees rose a median of 4.7% across 15 schools surveyed, outpacing inflation and up from a median of $39,900 in 2014.
The schools cite rising costs, including salaries for teachers trying to make a living in expensive New York. About 20% to 22% of students at top schools receive financial aid, with some families getting token amounts “so their family can breathe a little bit more or take a vacation,” according to education consultants who are getting a lot more questions these days about financial aid.
Read more
Sign up for the Entrepreneur Daily newsletter to get the news and resources you need to know today to help you run your business better. Get it in your inbox.
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