Cost of private school is up 79% over 10 years in New York City

The Wall Street Journal reports that for the first time ever a private school in new York City will charge over $40,000 per year for tuition. This is part of a larger upward trend in prices that has pushed the cost of private education in New York City up 79% over the last 10 years:

“The Riverdale Country School will charge $40,450 for high-school students in the coming year, the first time a New York private school has topped $40,000 in annual tuition.

Tuition costs at the city’s private schools, which breached $30,000 just five years ago, have climbed 79% in the past decade. The best schools have no trouble getting enough students.”

Interestingly enough, the affluent parents who pay these tuition charges – charges that are comparable and sometimes higher than the cost of Ivy League colleges – are apparently not complaining!

The article includes cost comparisons at the city’s top independent high schools.

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