View Full Version : All NYC Private School Tuition Bill Tops $40,000 in NYC

06-20-2011, 08:23 AM
From WSJ.com (http://online.wsj.com/article/SB10001424052702303936704576395812038878314.html) by Sophia Hollander:

The Riverdale Country School will charge $40,450 for high-school students in the coming year, the first time a New York private school has topped $40,000 in annual tuition.

Tuition costs at the city's private schools, which breached $30,000 just five years ago, have climbed 79% in the past decade. The best schools have no trouble getting enough students. Still, school administrators and academic experts said they are increasingly worried about the effects of rising tuition.

"Even though you may have found yourself with enough people to pay the tuition, you may find yourself with a very different population in your school than you want to have," said John Allman, head of school at Trinity, another elite private school. "We think it's increasingly difficult for families across a socioeconomic spectrum to consider Trinity as a viable economic option."

For the 2011-12 school year, Trinity will be raising its tuition and fees by 4.3% to $38,180 for seniors. School officials estimated there would be an additional $1,000 or so dollars in extra fees, including books, trips, athletics, school supplies and yearbook.

Riverdale's tuition is virtually all-inclusive. When the assortment of fees and additional costs are toted up at independent schools across the city, many other parents will be paying more than $40,000 a year for their child's education next year.

In an email, Dominic A.A. Randolph, the head of Riverdale Country School, said he was "perturbed" by the ever-increasing costs of education.

But he added, "I also believe that our parents rightfully make it a priority for their children to have the opportunity of an amazing education and are willing to pay for that."

These tuitions continue to outpace some of the country's top Ivy League schools. Next year, Princeton University will charge $37,000 for tuition (with $865 in required additional fees), while this past year Harvard University charged $34,976 (along with $3,439 in required fees).

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