How to fund private school tuition

On February 5, 2015 in Family Life & HealthPreK-12

How to fund private school tuition

shutterstock_7390489Is private school worth the investment? The question occurs to every parent of a young child. The answer for you will depend on many factors. According to this story at Parenting PA by LightStream’s Kristin Shuff, data from the National Center for Education Statistics shows that:

“…private school students generally perform higher than their public school counterparts on standardized achievement tests and are more likely to have completed advanced level courses. Moreover, 88 percent of private high school students apply to college, compared to just 57 percent of public high school students.”

But that kind of performance comes with a price tag, of course. While private school tuition can cost upwards of $20,000 per year and more, there are ways to make it work — without breaking the bank.

“There are many creative financing options available today that allow parents to finance an education. One of these methods is having a parent work in the school. In doing so, often times arrangements can be made to subsidize tuition.  Some families also consider fundraisers or crowdsourcing, which is done by soliciting contributions from a large online community. Several websites are available today that allow individuals to share their story and receive funding from an audience made up of friends, family and the community at large.”

Financing options also include unsecured loans offered by LightStream and other lenders. Read the entire story at Parenting PA for details.