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Reply to "Sidwell tuition increase "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So we started a few years ago at around 34k- and it's now going to be OVER 40k for next year. Keep this in mind folks as you make your decisions for next year. [/quote] Does everyone pay rack rate? Or is it like college where rack rate is only paid by folks who can afford it and the difference between it and actual cost subsidizes other students?[/quote] Top schools like Sidwell give a lot of financial aid. It might be something like 25% of the potential gross tuition. So yes, as with colleges, if a private school awarded no financial aid everybody's tuition could be somewhat lower. But financial aid is core to the mission of well-regarded American independent schools (as it is with American private colleges) -- and theoretically maybe to their status as non-profits, too (I don't know enough about tax policy to know if that's accurate but it's something that gets cited when municipalities want to tax colleges).[/quote]
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