NYC Private School Tuition Tops $70,000 This Year

"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."

"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."

Several elite New York City private schools now charge annual tuition higher than Harvard's $56,550. At least seven schools will charge over $70,000 this fall, led by Avenues The World School in Chelsea at $75,300. Median tuition across 15 surveyed schools rose 4.7%, outpacing inflation and rising from a median of $39,900 in 2014. Schools attribute increases to rising operating costs, including higher teacher salaries needed to afford New York living. Roughly 20%–22% of students at top schools receive some financial aid, often modest amounts that slightly ease family budgets, and queries about aid have increased.

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