Tuitions At NYC’s Elite Private Schools Are Now Topping $60,000 Per Student
Prices of everything are going up – that includes private school tuition.
With things at least somewhat returning to normal in New York City, including school’s re-opening and loosening Covid mandates, tuition at some private schools is set to top $60,000.
For example, the well known Spence School has already announced 3.5% tuition increases for the upcoming year, the New York Post reported this week. This will make its annual tuition $60,880 per student, despite parents requesting a tuition freeze for the upcoming year.
The school reportedly wrote in a letter to parents: “The Trustees appreciate your commitment and recognize that all of our Spence families sacrifice to make their children’s education a priority. We are judicious in setting the annual budget.”
Horace Mann and The Dalton School will also raise their tuitions above the $60,000 mark, the Post reported. Tuitions at many of the schools have “roughly doubled” over the course of the last 15 years. For example, Horace Mann and The Dalton School charged between $30,000 and $33,100 in 2008, the report says.
Meanwhile, it isn’t just tuition that is on the receiving end of the benefits of inflation. Headmaster Bodie Brizendine at the Spence School made $886,000 in 2019. She has told parents in the past that faculty compensation has accounted for 73% of tuition.
Thu, 02/17/2022 – 18:40