NYC Private School Tuition Breaks $70,000 Milestone for Fall
2 52The top private schools in New York City plan to charge more than $70,000 this year for tuition, an amount exceeding that of many elite colleges, as they pass on the costs of soaring expenses including teacher salaries. From a report: Spence School, Dalton School and Nightingale-Bamford School on Manhattan's Upper East Side are among at least seven schools where the fees now exceed that threshold, according to school disclosures and Bloomberg reporting
Fees among 15 private schools across the city rose a median of 4.7%, outpacing inflation. Sending a kid to New York private school has always been expensive, but the cost now is so high that even those with well-above-average salaries are feeling squeezed. Prices have risen dramatically in the past decade, up from a median of $39,900 in 2014.
2 comments
if you have more than 1 kid (Score: 5, Funny)
by OrangeTide ( 124937 ) on Tuesday February 10, 2026 @09:13AM (#65979946)
Time to decide who is going to be the lawyer or surgeon, who is going to be a nurse or paralegal, and who is going to support the other two with an OnlyFans account.
Keeping up with the jones (Score: 5, Interesting)
by gurps_npc ( 621217 ) on Tuesday February 10, 2026 @10:22AM (#65980094)
Every once in a while you see a story about a 'poor' man making $200k+ and not saving anything.
There are two main reasons for their fiscal incompetence (plus a bonus one):
1) They look at their neighbors - the guy to the right has a boat, the guy across the street has a ski house, and the guy to the left has a beach house. They buy one of each. Or they pick one and pay twice as much for it.
2) They do something similar with kids. Often they will buy a great house in a good neighborhood/suburb 'for the kids' and then send them to private school. The entire point of the house in the right location is that it has a good SCHOOL. If you are sending your kids to private school you should be living in a much cheaper house. Just because you have kids does not mean you should spend all your money on them.
Bonus reason: Total and complete fiscal stupidity buying worthless crap. Prime example is Time Shares. [ Even if one makes sense now, ten years later your financial situation will change. Either it will be too expensive or too cheap - and you will not use it. Even point systems are just later regrets]