There are approximately 1,200 day and boarding schools in the U.S. which 570,000 students attend. Parents choose independent schools for a number of reasons: religious affiliation, smaller class sizes, or a unique curriculum. While there are numerous school options, the difficulty is that the price tag is out of reach for most Americans. On average, day schools in the U.S. cost $19,000, but in major urban areas such as NYC day tuitions can reach $40,000. More established schools with large endowments can offer some financial aid, but with markets not doing as well schools cannot provide as much support. Parents need to carefully consider taking out loans for school, the need to plan finances for college costs is equally important!
For further information: www.nais.org