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Wednesday, November 29, 2017

The Elite's Education

American families pay more to send their kids to college than anywhere else in the world. But for wealthy families, the costs start long before that very first college-tuition payment. Town & Country estimated that wealthy families spend $1.7 million per child to get them into the Ivy League.
  • Preschool: $4,500 for a preschool admission coach and $80,400 for nursery school and pre-kindergarten at the New York City-based Horace Mann School. 
  • Elementary and middle school: $156,400 for K - 4th grade at Francis Parker School in Chicago and $164,990 for grade 5 - 8 at Milton Academy in Milton, Massachusetts.
  • High school: $157,600 for four years at Harvard-Westlake School in Los Angeles, California and $104,000 for a private language tutor 40 weeks a year.
  • Enrichment: $29,870 for music and art classes for 4-year-olds, $104,000 for a foreign language tutor, and $56,600 for a travel sports league.
  • College prep: $100,000 for college counseling with IvyWise and $55,000 for a gap year with Winterline’s travel and cultural immersion program.
  • College: $282,280 for four years at Yale University and $24,304for a study abroad at Yale.

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