Some private schools in New York City cost more than $50,000 a year — more than many colleges

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September 19, 2017 4:20 PM

The cost to attend some private K-12 schools in New York City has crept above $50,000 annually.

The cost to attend some private K-12 schools in New York City has crept above $50,000 annually, The Wall Street Journal reported.

The rising cost in just the last five years is steep. Median tuition and fees at Manhattan private schools are

Further, there are nearly 40 American colleges that cost more than $65,000 a year, a shocking figure which calls into question whether the current model of higher education is sustainable. Four years of college at $65,000 a year results in a family paying more than a quarter million dollars for four years of higher education.

Yet, if the cost of private school tuition were to hold flat at $50,000, a family who paid for one child to attend school for their primary and secondary education would pay $900,000 over the course of their pre-college schooling.

About 20% of students in Manhattan private schools received financial aid, a

The rising cost of private schools in Manhattan has led some to question the sustainability of their pricing model.

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