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Metropolitan New York City
Reply to "What Schools are Considered 2T?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is amazing to me how much money private schools waste on various special interests. My kids play sports and I love sports but the amount wasted on them by private schools is ridiculous. They commit to having a team but might have very few kids sign up but still have to pay for it (coach, transportation, sometimes facilities). Similarly, there is lots of administrative bureaucracy that really is not necessary. But it makes some kids and families feel special. So they can't cut it. Schools could also cut back on financial aid and it likely would not be really noticed. There is much less disclosed about this than for colleges. Easy way to save some money. Some schools are also in much better shape facilities-wise than others.[/quote] my guess is $10k per student could easily be cut from the budget at most of these schools.[/quote] Sure, but unless they all did it, many of their potential customers - including the ones in a position to make very large donations - would not care about the cost savings but would wonder why this school was cheaper and whether that also meant it was worse in some way, and might even notice that your school didn't offer a JV kickboxing team while that other fancy school that still charges $70k does. Not to mention that cutting the budget by 1/7th would inevitably mean pissing off some existing constituencies at the school who would loudly complain to the press / leave for other schools / etc. There might be an opportunity for a new school to come in and charge $40k, but of course then you're a new school with no reputation or alumni and all brand new staff and only whatever capital your initial wealthy backers put up. (the only recent new nonprofit school I can think of is Speyer, and they're a K-8 with 2 sections per grade and very very limited facilities and they still charge the same as everybody else)[/quote] We looked at catholic high schools in addition to non-catholic private schools and they are much less expensive and have extremely large and loyal alumni bases, especially the boys schools. Regis is free but Xavier and FP give merit aid. Regis and Xavier both have endowments over 100 million. Not as flashy as the private schools but much more emphasis on character development. DA is small but a solid choice for girls. An option for families that can’t or won’t shell out 70k and don’t want to do public. UNIS is also much less and we found it had a lot to offer, especially if you want IB and and emphasis on languages. My feeling is there is a limit on how much these schools can charge if they care about retaining any UMC families. Go to a cheaper for free school and spend some of that extra money on enrichment and private college counseling and you will still end up way ahead financially. [/quote] Many borderline UMC families can get some aid for schools. I don't think the TT schools are going to let a great student get away because UNIS is 15k cheaper. They will provide 5-10k to close the gap[/quote] That’s not correct, I speak from experience. Many of these schools are really not that generous with aid.[/quote]
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