Wealthy parents whose children attend New York City's elite private schools can still receive some form of scholarship. financial aid Despite their high incomes, according to a new report.
According to the New York Times, According to a graph from Leman Manhattan Preparatory School, households with incomes up to $600,000 may be eligible for financial assistance if two children are enrolled.
Families with huge incomes, up to $800,000, can still receive some form of aid if their three children are in school.
Leman School, located in Manhattan's Financial District, enrolls students from more than 70 countries and educates children from kindergarten through high school. The school charges approximately $67,300 annually for most grade levels.
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Students walk to school buses in the East Village of Manhattan, New York City. (Photo courtesy of Mario Tama/Getty Images)
“One of the common misconceptions about financial aid for independent schools is that it is only for the families with the greatest need,” Paige Murphy, a Leman spokeswoman, told the Times. .
Murphy noted that the tuition schedules featured in the Times provide “transparency” to parents regarding the financial aid process, an aspect of education that she suggested “has been in decline for a long time. It was shrouded in mystery.”
The Times noted that Leman is one of the most expensive private schools in New York City.
The Dalton School, a private preparatory institution on the Upper East Side, will cut its $64,300 tuition in half for families with “low to moderate personal wealth” and a combined income of $40,000. It was revealed that they may be eligible (two children are enrolled).
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New York City is one of the most expensive cities in the world. (St. Petersburg)
Xiomara Hall, vice principal at Chapin School for Girls, told the Times that the numbers “reflect the fact that New York is one of the most expensive cities in the country.”
Despite the high cost of living Wealthy parents in New York City are still willing to pay for an education that boasts small class sizes, professional connections and a chance to get into America's most coveted universities.
“When these kids graduate college, they're going to go to their friends' parents for jobs,” former admissions director Dana Haddad told the Times. “You can't put a price on that.”
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Fox News Digital reached out to Dalton School and Leman Manhattan Preparatory School but did not immediately receive a response.
