Reply to New England Boarding Schools vs DMV?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s upside down world…but I wonder if boarding schools become more popular because they are net cheaper for many families compared to local day schools.

Deerfield said that no family will pay more than 10% AGI…in theory that means a family earning $500k will only pay $50k to attend Deerfield vs $60k+ in the DMV and $70k+ in NYC.

Gets significantly cheaper if your kid plays a travel sport like hockey since that’s included in the Deerfield price.[/quote]

Yes, and Deerfield's admit rate has plunged even lower as a result. They used to be around 20% and now they're around 10% like Exeter and Andover. Their financial aid commitment has led to a spike in interest from upper-middle class families. For a typical upper-middle class DMV family raking in $250k-300k/year, spending $25k-$30k on a Deerfield education vs $60k on a Big 3 is a massive steal. [/quote]

The difference is even greater than the tuition delta.

If you are a lacrosse/rowing/other expensive sport kid, you just saved $10-$15k per year on top of the $35k saved on tuition. And your grocery bill will go into a blissful free fall.

The family contribution percentage applies to all areas of the school: private test prep, preseason athletic travel, cultural travel overseas. I think the percentage even applies to individual music instruction? You’d have to check that one. But if you get a 60% tuition discount, that discount carries over into all things that add up on top of day school tuition, which does not cover those extras.

This isn’t unique to Deerfield. They are just leading the way, anlong with Andover and Exeter. Groton even has a name for the kids that all boarding schools are now courting: the missing middle. None of these schools want to limit their classes to billionaires and full rides. They want a mix. So the upper middle class families are definitely paying attention. The schools are following the generous private colleges who often make their schools less expensive than the student’s state school. It’s terrific! [/quote]

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