It takes $1.7 million to get your kid into an elite college, according to rich people

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November 28, 2017 8:51 PM

Town & Country estimated that wealthy families spend $1.7 million per child to get them into the Ivy League.

Town & Country estimated that wealthy families spend $1.7 million per child to get them into the Ivy League.
Nursery school alone can run families more than $80,000.
The analysis reveals the steep discrepancies in

American families pay more to send their kids to college than anywhere else in the world.

Preschool: $4,500
$80,400
Elementary and middle school: $156,400
$164,990
High school: $157,600
104,000
Enrichment: $29,870
$104,000
$56,600
College prep: $100,000
$55,000
College:
$24,304

This entry point is often important. Schools like Horace Mann often have nursery programs that feed right into the elementary school, meaning kids who start there early have a head start in the admissions game. Elementary students then feed into the middle school and then high school.

Wealth certainly isn't the sole determinant of success. Colleges endeavor to recruit students from diverse backgrounds, and they place importance on admitting students from broad socioeconomic and racial backgrounds. They use affirmative action in their admissions criteria to ensure they have diversity among incoming students.

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