
Expensive pre-schools, music and art classes, college counselling sessions – all of these preparation to get into the hallowed halls of prestigious universities add up and boy, do they add up to a lot.
According to Town & Country’s calculations, it costs an astronomical US$1.7 million to send one child to an Ivy League institution, a figure said to be higher than anywhere else in the world.
How Much It Really Costs to Send Your Kid to an Elite College https://t.co/ZoVa8DGzQo #college #collegetalk #parenting #IvyLeague #wealth #highschool via @TandCmag
— College Counselors (@College_Experts) November 29, 2017
Competition to enter these institutions start from birth, that means education costs start running from then itself and not just from the first college tuition payment.
T&C’s first edition on this list of expenses in 1973 totalled US$300,000. Today, it’s ballooned to nearly 6 times more.
Here’s 2017’s breakdown in all its (expensive) glory:
Age (years) | Item | Costs (US$) | Total (US$) |
---|---|---|---|
6 months – 4 | Music and Art Classes: Six courses at Diller-Quaile School of Music in New York City |
1,995 to 10,945 | 29,870 |
2 – 5 | Preschool Admission Coach: Interview and test prep, including practice “observational playgroup” at Aristotle Circle in New York City |
250 to 450 an hour | 4,500 (10 hours) |
3 – 4 | Nursery School and Pre-Kindergarten: Nursery Threes and Pre-Kindergarten at Horace Mann School in New York City |
33,600 and 46,800 per year | 80,400 |
5 – 9 | Lower School: Kindergarten through fourth grade at Francis Parker School in Chicago |
29,700 to 31,720 per year. |
156,400 |
5 – 17 | Private Language Tutor: One lesson per week, 40 weeks a year |
200 per lesson. | 104,000 |
6 – 16 | Summer Camp: Seven-week sessions at Raquette Lake Camp in the Adirondacks |
13,750 per year | 137,500 |
4 – 18 | Music Lessons: Weekly private lessons until age 10. Then pre-college music program at San Francisco Conservatory of Music |
200 weekly and 9,480 per year |
138,240 |
8 – 18 | Sports: NYC Juniors Volleyball Club (local & with travel) |
2,600 per year and 7,700 per year |
56,600 |
8 – 17 | Math Tutor: One lesson per week, 40 weeks a year | 200 per hour. | 80,000 |
10 – 14 | Middle School: Fifth through eighth grade as a day student at Milton Academy in Milton, Massachusetts |
34,670 to 43,440 per year. |
164,990 |
10 – 13 | STEM Classes: Two-week summer STEM 1 for Middle Schoolers at Brown University |
4,196 per year. | 12,588 |
14 – 15 | Volunteer Experiences: Global Volunteers two-week program in Tanzania and St. Vincent |
$3,000 per person for a family of 4 for each program. |
24,000 |
14 – 18 | Summer School: Two Seven-week programs at the American School in Switzerland Two five-week programs at John Hopkins |
8,160each and 10,475 each |
37,270 |
12 – 17 | Homework Coach: After-school homework help and academic coaching from Central Park Tutors, one hour per day, two days a week, 40 weeks a year, |
135 an hour | 64,000 |
14 – 18 | High School: Four years at Harvard-Westlake School in Los Angeles |
39,400 per year | 157,600 |
14 – 17 | College Admission Prep: IvyWise freshman through senior college prep courses and counseling |
100,000 | 100,000 |
18 – 19 | Gap Year: Winterline’s travel and cultural immersion gap year program |
55,000 | 55,000 |
19 – 20 | Study Abroad: Yale summer sessions in Rabat, Morocco (intensive Arabic), and Paris (international law) |
12,152 each | 24,304 |
21 – 22 | Two Summer Internships: Fee to receive three credits for a summer internship through Seton Hall University, South Orange, New Jersey |
6,200 | 6,200 |
19 – 22 | College: Four years at Yale |
70,570 per year | 282,280 |
GRAND TOTAL: | 1,715,742 |
These are scary figures and I sure hope for future applicants that they qualify for financial aid as around half of the student cohort at these 8 Ivy League member schools reportedly do.
Liked this? Then you’ll love these…
This coding school in San Francisco has no fees, no teachers
Chinese students at USyd elected to SRC rally against high fees