Kansas City Private High Schools Costs Jump in 2016Submitted by Castlebar Asset Management on April 21st, 2016
Parents are all too familiar with the rising cost of education. College costs have been surging for decades and the trend has filtered down to the private high school ranks. We have been tracking the costs of Kansas City area private high schools for several years. The average cost to send one child to a private high school in the Kansas City area is increasing on average 4.5% from 2015. The median increase is 3.5%.
The average tuition cost to send one student is $13,420. The range of increases go from 11.2% to a modest 0.7%. The largest increase belongs to the Hyman Hebrew Academy while the lowest price increase belongs to Notre Dame de Sion. Most schools are increasing prices in the neighborhood of 3% to 5% range which is over twice the rate of inflation.
Paying for private high school can be a sacrifice for many parents who are looking to send their children to a private high school. We have written on this topic and you can read more about it in the article, A Game Plan For Parents: Paying For Private School. It goes into greater detail about how best to tackle paying for private schools, looking for financial aid and other ways to trim the price.
We gather information from each schools’ website. We look at the full cost of sending one student to school. This includes tuition and different fees like activity, supply and technology. If there is a different tuition rate for church members or other affiliation, we defer to the lower rate. Many schools offer discounts or reduced prices for multiple students or family rates but we did not factor them into our calculation.
Disclaimer: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results.