Private school tuition goes up
One of the biggest financial decisions a parent makes is whether to send a child to private school or not. And it can be pretty daunting. The average private school education costs $17,000 a year nowadays, according to the Wall Street Journal. That’s about $2,000 a month. In Manhattan, it’s even worse at $27,000 a year. And the schools are becoming filled with either wealthy or underprivileged kids, who are on full-ride scholarships. The middle class is getting squeezed out. Some are offering partial-ride scholarships for middle class kids, but you have to ask for them. And the more kids in the family the more likely you’ll get the money. In other school news, the city of LA has about 100 charter schools. The LA area had some of the worst schools in the country, and now things have turned around. The former governor of Colorado took over the system and decided innovation was the answer. Obviously he was right.
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