5 Ways to Afford Private Schooling in Hard Times

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And the real truth about financial aid is...

schools are looking for middle class families! If you live in a major metropolitan area that means an income between $100K - $200K a year. Most families falsely assume if they're earning that kind of income they can't get aid. They are incorrect!

Check with each school before you apply for aid to find out how much aid, in %, they will cover. Some schools will give aid up to 50% while others offer 100% tuition coverage.

Also know that asking for aid may OR may not effect your child's chances of acceptance. It depends on the type of selection process the school uses. Plus they are looking for the middle class, so asking for aid may actually HELP you!

Lastly, if you are applying for aid, make sure you apply to more than one school. The amount of financial aid a school offers differs from school to school.

Asking for aid may be the best move!

Kim Hamer of CA @ Jun 05, 2009 12:26:34 PM

It's all about Commitment.

Paying hard-earned money for something, especially something as expensive as a private education, often comes down to personal priorities. I have massaged my own budget for many years because a private education for my children is that important to me - not because I can easily afford it. I've had many friends (who have much greater income than I have) comment that "I wish I could afford to send MY kids to private school."

It has been my experience that the issue is not so much one of available resources, as it is a simple personal commitment that you are going to do what is necessary to achieve a costly but worthwhile goal. Income will always expand to fill whatever void the economics of public education provides - if you expect to find all that tuition money among the monthly leftovers just looking for a cause, it will likely never happen. You've got to decide that the effort is worth the reward.

chronic.individuality of SC @ Dec 02, 2008 11:15:32 AM

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Luxe Life

Luxury is no longer the sole province of the elite. Upscale goods and services now target a much broader market. Kimberly Castro, deputy business editor of U.S.News & World Report, takes a look at the luxe life, from fine wines and cars to high-end real estate and wealth management. Though no elitist, Kim does admit a fondness for a bold bottle of Scout's Honor from Venge Vineyards and satiating her wanderlust in Europe.

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