It seems that the affluent aren’t immune from the soaring cost of educating our nations youth.
With the cost of some of the top prep high schools exceeding $50,000 a year, some families with six figure incomes find themselves filling out financial aid forms in the hope that their kids will be able to attend top-notch boarding schools.
Admission to the country’s top preparatory high schools has always been fiercely competitive. But today, with the price of some private boarding schools like Tabor topping $50,000 a year, affluent families are also lining up for aid — and sometimes shutting out those further down the income ladder. The reality has affected the whole philosophy behind financial aid.