by NYC Private Schools on March 15, 2010
With tightened budgets, many young families are struggling with the decision to put their young child in a NYC Private School or start them in a public school and assist in their educational development as much as possible.
One group of parents recently gathered to talk about their upcoming choices for education beyond the preschool years and into university years ahead.
We can pay for Private School, but it will mean that there’s nothing left to put aside for college. I’m not sure I can justify spending all that money now and then when its time for college have nothing to give our kids. If I save now, I can afford to put money away for college while they are in public school.
That reasoning has been repeated by worried parents all across the nation in recent years. For many, the choice seems like a trade – a This or That but not Both scenario. It is not quite that simple, however. The basics that are laid forth now in your child’s formative academic years are the groundwork for a lifetime of loving to learn, knowing how to learn and wanting to excel. The early years are important, vitally so, and the best possible education is a gift that every young child can take with them to middle school, high school, college years and Grad school and beyond.
My daughter attends private school and what’s more important to me NOW is her education. We do try to save a little for college, but realistically they will have to explore their financial options for college in the future. Their time is now; college is where they will reap the rewards of their hard work and learn the meaning of financial aid.
Private School Education during the early years provides a solid foundation and basis for good work habits and advanced academic training
by NYC Private Schools on March 10, 2010
Many families are looking for more information about different types of Financial Aid. Just as a family plays it smart and helps their child apply to more than one NYC Private School, so too do families check off all of their Financial Aid options and make sure that every base is covered. If one type of aid is denied, perhaps another will be accepted; perhaps even a combination will be available. During difficult financial times, knowing your options is a potent power.
Need-Based Grants
For many families, the Need-Based Grant is a wonderful form of Financial Aid. Most schools can offer need-based grants to students and families in order to enable students to attend, regardless of the family’s income, as long as the student qualifies for acceptance and has found the right match in that school. Essentially, that translates to a child who has been accepted to the school but the family is finding it difficult to pay tuition.
- Because no one simply hands out need based grants without checking on the needs portion, there are some paperwork and applications that have to be filled out. Supporting documentation will be required to verify income and determine the family’s ability to contribute to tuition. Families that are able to show a demonstrated need may be provided with a grant to decrease the burden of tuition on their family.
- Need-based grants aren’t designed to cover the entire cost of tuition, however. The family is expected to contribute to costs depending on their financial situation and those contributing costs are often assessed on a sliding scale based.
- Many families appreciate the design of need-based grants because they do not need to be paid back to the school as they are not a loan. The money for these grants comes directly from the school’s financial aid budget.
If you are a parent of a child attending a NYC Private School and you believe that your family will need financial assistance to afford tuition in the upcoming school year, please don’t hesitate. Talk to your school now to see what options are available.
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