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Reply to "Boarding Schools Significantly Increasing Financial Aid"
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[quote=Anonymous]I wonder if Boarding school just isn't as popular with wealthy families these days, compared to say 30+ years ago. Elite private schools want to appeal to more students, so some are making school free for families whose incomes reach into the low six figures. The latest to do so is Deerfield Academy, a Massachusetts boarding school that is set to start giving a free ride to any admitted U.S. student whose family earns less than $150,000 a year, almost double the median U.S. household income. For domestic families earning more than that, tuition will no longer go beyond 10% of their income, Deerfield is announcing on Thursday. “There are a lot of families out there who aren’t even considering a school like Deerfield because they believe it’s just simply out of reach for them,” said John Austin, the head of school. “We want to change that perception.” Right now, 60% of Deerfield’s families pay full price, the school said.[/quote]
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