How to Receive Financial Aid for Private School
For many private schools, the cost of educating a single child far exceeds what that family pays in tuition. The difference is usually made up by endowments and donations made to the school. In some cases, schools have received so much money and have invested so wisely that they are flush with cash to give out in the forms of scholarships. Some elite private schools have endowments of over $1 billion, while many other schools have endowments worth hundreds of millions of dollars. A large number of schools have therefore undertaken new construction projects to upgrade their facilities. More important, these schools have money to give to students who could otherwise not afford to attend. You don’t have to be below the poverty line to receive financial aid. In fact, at some schools, families making upwards of $250,000 dollars per year will receive financial aid. Of course, the amount of aid available there is dramatically different from school to school. However, you should not be dissuaded from applying to a private school simply because you do not feel you can afford tuition. Further, you may be able to apply for a free or reduced application fee. So, do not give up on the dream of private education simply because you do not feel you have enough money to afford it. Instead, focus on having your child present a compelling case for admission, while simultaneously exploring the financial aid possibilities that exist for schools that hold the most interest for you.
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