Tuition is such an overwhelming and emotion-laden topic that it’s hard to know where to begin. So, we might as well start with a statistic – which is that approximately two-thirds of students in Baltimore day schools receive some type of tuition reduction. This authoritative estimate by a few school administrators I spoke with includes reductions from scholarships, faculty discounts, and tuition breaks because of multiple children in the same school.
With scholarship help so widespread, it might seem that tuition would be a manageable part of most families’ finances. The reality, however, is that, even with reduced tuition, many families are paying hefty sums. For example, a family with five children might be paying $35,000 a year in tuition, instead of $50,000. The schools, too, are barely making it. Although day schools cover the bulk of their budgets through tuition, they must bring in substantial funds from other sources, including direct donor contributions, fundraising events and projects, and The Associated’s annual allocation.