View Full Version : All NYC Bracing for $40,000 at New York City Private Schools

01-29-2012, 09:26 PM
From N.Y. Times (http://www.nytimes.com/2012/01/29/nyregion/scraping-the-40000-ceiling-at-new-york-city-private-schools.html) by Jenny Anderson and Rachel Ohm:

THERE are certain mathematical realities associated with New York City private schools: There are more students than seats at the top-tier schools, at least three sets of twins will be vying head to head for spots in any class, and already-expensive tuition can only go up.

Way up.

Over the past 10 years, the median price of first grade in the city has gone up by 48 percent, adjusted for inflation, compared with a 35 percent increase at private schools nationally — and just 24 percent at an Ivy League college — according to tuition data provided by 41 New York City K-12 private schools to the National Association of Independent Schools.

Indeed, this year’s tuition at Columbia Grammar and Preparatory ($38,340 for 12th grade) and Horace Mann ($37,275 for the upper school) is higher than Harvard’s ($36,305). Those 41 schools (out of 61 New York City private schools in the national association) provided enough data to enable a 10-year analysis. (Over all, inflation caused prices in general to rise 27 percent over the past decade.)

The median 12th-grade tuition for the current school year was $36,970, up from $21,100 in 2001-2, according to the national association’s survey. Nationally, that figure rose to $24,240 from $14,583 a decade ago.

With schools already setting tuition rates for the 2012-13 school year — Brearley’s is $38,200 — parents at Horace Mann, Columbia Grammar and Trinity are braced to find out whether they will join families at Riverdale Country School in the $40,000-a-year club. (Riverdale actually charges $40,450 for 12th grade.) In fact, it appears to be a question not of “if,” but “when.”

“Within one to two years, every independent school will cost more than $40,000,” said one board member at a top school who spoke on the condition of anonymity because the school had not yet set tuition.

And that is before requests for the annual fund, tickets to the yearly auction gala and capital campaigns to build a(nother) gym.

Parents are reluctant to complain, at least with their names attached, for fear of hurting students’ standing (or siblings’ admissions chances). But privately, many questioned paying more for the same. “The school’s always had an amazing teacher-to-student ratio, learning specialists and art programs with great music and theater,” said one mother whose children attend the Dalton School ($36,970 a year). “It was great a decade ago and great now.”

“They are outrageous,” said Dana Haddad, a private admissions consultant, referring to tuitions. “People don’t want to put a price tag on their children’s future, so they are willing to pay more than many of them can afford.”

read more>> (http://www.nytimes.com/2012/01/29/nyregion/scraping-the-40000-ceiling-at-new-york-city-private-schools.html)

01-31-2012, 09:56 AM
In response to the above article, David N. Roberts, chairman of Riverdale’s board of trustees, and Dominic A.A. Randolph, Riverdale’s head of school, sent the following e-mail to SchoolBook:

Based on our experience at the Riverdale Country School, we thought it would be helpful to outline where a dollar of tuition at Riverdale generally goes. Out of each $1, approximately $0.15 goes to scholarship and $0.70 goes to pay for employee salaries and benefits. Another $0.25 goes primarily to maintain facilities and buy instructional materials as well as a host of other expenses necessary to running a school. The $0.25 of expenses is generally fixed and grows roughly in line with the rate of inflation.

So, we have about $1.10 of expenses vs $1 of revenue. That $0.10 deficit is made up primarily through voluntary giving by our parents, alumni, and other friends of the school.