NYC Private School Tuition Breaks $70,000 Milestone for Fall (msn.com)
- Reference: 0180764294
- News link: https://news.slashdot.org/story/26/02/10/0654245/nyc-private-school-tuition-breaks-70000-milestone-for-fall
- Source link: https://www.msn.com/en-us/money/other/nyc-private-school-tuition-breaks-70-000-milestone-for-fall/ar-AA1VYPCb
> Spence School, Dalton School and Nightingale-Bamford School on Manhattan's Upper East Side are among at least seven schools where the fees now exceed that threshold, according to school disclosures and Bloomberg reporting
>
> Fees among 15 private schools across the city rose a median of 4.7%, outpacing inflation. Sending a kid to New York private school has always been expensive, but the cost now is so high that even those with well-above-average salaries are feeling squeezed. Prices have risen dramatically in the past decade, up from a median of $39,900 in 2014.
[1] https://www.msn.com/en-us/money/other/nyc-private-school-tuition-breaks-70-000-milestone-for-fall/ar-AA1VYPCb
Don't worry (Score:2)
I'm sure the shareholders will be alright.
Re: (Score:3)
The Brearley School, regarded as the best private school for girls in the nation and charging around $70K, is a non-profit.
What shareholders?
The Art of Re-Definition. (Score:2)
> The Brearley School, regarded as the best private school for girls in the nation and charging around $70K, is a non-profit.
> What shareholders?
* yanks Global Non-Profit Pamphlet out of your hand *
(The American Litigation Complex) "Shit, sorry, not sure how that didn't get burned."
* hands you pamphlet *
(The American Litigation Complex) "Allow me to introduce you to the new Profit Center for Profiteering Pioneers, a non-profit-for-profit organization we recognize as a religion only in the State of Delaware, with donations organically washed through the finest Irish tax havens and hung out to dry with our most prominent taxpayers.."
Re: (Score:2)
I don't know about NY-salaries, but including school holidays, 70k a year should get me a private teacher per pupil, right?
Re: Don't worry (Score:2)
That will fly in the Southern US. It's right around average for my city actually. However, 70k is poverty wages in NYC.
Re: (Score:2)
[1]https://livingwage.mit.edu/met... [mit.edu]
Typical annual salary, according to MIT's Living Wage Calculator for the NYC Metro, is $84,860.
Poverty wage is $7.52/hr (no kids) and minimum wage is $15.50 which, according to the calculator, should cover 1 adult with 3 kids.
[1] https://livingwage.mit.edu/metros/35620
Re: (Score:2)
Making 76k teaching in Texas this year, will make 82k next year. So, depends on where you live.
Three years of studying... (Score:1)
Might, just maybe, be worth $210,000.
But I doubt it.
Re: (Score:2)
> Not that these are taking over these high prized education spots...
I like how you even point out how your claim doesn't make sense and then just keep pushing forward with it anyways making vague, unsupported allusions that don't make a bit of sense.
Not surprised (Score:3)
When it comes to private schools, the sky's the limit, and there seems to be a sizeable class of people across the world that will pay whatever. For someone whose net worth is $100,000,000, dropping $100k/yr for a private school is just 0.1% - a rounding error on their capital gains. (This math brought to you by my public education!)
I am sure there are private schools in London, Paris, Dubai, Shanghai, etc. that are in the same price range. Eton School (outside London) is over £52k/yr. Hell, there is a top-ranked private high school (with boarding) in my small city whose cost is comparable to the Ivy Leagues.
Re: (Score:2)
But Eton has flying broom sports and Muggle Studies
Keeping up with the jones (Score:4, Interesting)
Every once in a while you see a story about a 'poor' man making $200k+ and not saving anything.
There are two main reasons for their fiscal incompetence (plus a bonus one):
1) They look at their neighbors - the guy to the right has a boat, the guy across the street has a ski house, and the guy to the left has a beach house. They buy one of each. Or they pick one and pay twice as much for it.
2) They do something similar with kids. Often they will buy a great house in a good neighborhood/suburb 'for the kids' and then send them to private school. The entire point of the house in the right location is that it has a good SCHOOL. If you are sending your kids to private school you should be living in a much cheaper house. Just because you have kids does not mean you should spend all your money on them.
Bonus reason: Total and complete fiscal stupidity buying worthless crap. Prime example is Time Shares. [ Even if one makes sense now, ten years later your financial situation will change. Either it will be too expensive or too cheap - and you will not use it. Even point systems are just later regrets]
swallow your pride and copy China (Score:2)
or if that is really too hard on your pride, copy Singapore, the graph on this page is like wow, (and if you don't believe it, the whole article asks if it is accurate).
> PISA (the Programme for International Student Assessment, run under the auspices of the OECD) was so struck by the outcome that it introduced its five-volume report as follows:
> Students in the four provinces/municipalities of China that participated in the study outperformed by a large margin their peers from all of the other 78 participati
Not normal... (Score:2)
The Dalton School is the crustiest of the upper crust private school. Getting in is so absurd they actually made a movie about the absurdities where the admission information session for kindergarten was attended entirely by pregnant women. This is not a tuition that 99.999% of private school parents will pay. Fun fact: Jeffry Epstein was a teacher!
Re: (Score:2)
> The Dalton School
How does that measure up against The Little Lord Fauntleroy Academy for Albino Hemophiliacs?
Everyone gets to make their own choices (Score:2)
A fool and his money are soon parted. "Good" schools aren't going to make your lazy, idiot kid smart. "Bad" schools aren't going to hold a bright, motivated child back. Far more important than the schools are the attitudes towards their education the kid sees at home. Private school is a waste of money far more often than private school parents realize.
if you have more than 1 kid (Score:2)
Time to decide who is going to be the lawyer or surgeon, who is going to be a nurse or paralegal, and who is going to support the other two with an OnlyFans account.
Re: (Score:2)
I was one of three kids and became the shoe salesman.
Re: (Score:1)
> I was one of three kids and became the shoe salesman.
..who scored four touchdowns in a single game at Polk High.
Sure, ol Billy "Does Goats" Gates went down in humiliation that day and kinda went on to do his own thing, but at least you can visit private islands without question.
Re: (Score:2)
Well, if you are not mega-wealthy you might consider moving to a city/state in the US where cost of living is actually reasonable and life is actually comfortable and pleasant with nice neighbors.
For the life of me, unless one is extremely rich I cannot imagine why anyone, especially a family with kids would want to live in NYC.
If you're rich and young ok maybe it's a blast to live and party there, but for real life? Nah.
Re: (Score:2)
(have a firearm, spend a year in Riker's before even seeing a judge)
That sounds blatantly unconstitutional.
Re: (Score:2)
Also sounds like complete bullshit from some one with a political agenda. I know enough people who live in NYC and own guns to know that it is.