Historically, tuitions have increased 4% a year, as shown in the chart below. It's important to account for this when deciding if private school is financially survivable. A few formulas:
- Tuition for kindergarten this fall = 1.04 x current K tuition.
- 8th grade tuition for kindergartner staring this fall = 1.42 x current 8th grade tuition
- Total cost of K-8 = 11 x current K tuition,
assuming the same tuition for upper grades as lower grades.
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Tuition Increases at SF Independent Schools, 2009-13 |
When doing financial planning, it's good to remember that your assets are included in financial aid calculations. This makes it hard to save for other priorities like a home, high school or college. If you own a home, part of the home value is protected. But if you've been saving up for a down payment on a home, be prepared to spend it on tuition. Started a 529 plan for college tuition? Be ready to use it on K-8.
How much do schools budget toward financial aid?
Most schools allocate a set percentage of their tuition revenue to financial aid. For example, Live Oak has allocated 17% of their tuition revenue for 72-73 students a year since 2009. Looking at the percentage of tuition revenue or operating budget allocated to financial aid is one way to examine a school's commitment to economic diversity.The percentage of students on financial aid can also be helpful, but at all the schools below, 70-80% of families earn enough to pay full freight, sometimes for 2 or more children. Moreover, even as tuitions have risen, the percentage of students on financial aid has dropped at many schools, most notably Children's Day, San Francisco School, and San Francisco Day.
Here's the numbers for the data geeks out there.
SCHOOL | Year | Percentage of students on financial aid |
Estimated average tuition for students on fin aid | Full Tuition |
Total spent on financial aid |
Financial aid as a % of tuition revenue |
---|---|---|---|---|---|---|
CATHEDRAL | 2014‑15 | "about 1/3" | $12,100 | $27,625 | 1.4m | 19% |
2013‑14 | "about 1/3" | $12,000 | $26,700 | 1.327m | 18% | |
2012‑13 | "about 1/3" | $12,900 | $25,700 | 1.147m | 17% | |
2009‑10 | 23% | $10,900 | 1.017m | 17% | ||
CHILDREN'S DAY | 2013‑14 | 31% | website $8704 | $25,400 | "over 2m" | 22% |
2011‑12 | 36% | website $8425 | $23,250 | 1.91m | 24% | |
2009‑10 | 40% | website $8709 | $21,190 | 1.67m | 25% | |
SYNERGY | 2013‑14 | 30% | $16,500 K‑5 $17,200 6-8 |
|||
2011‑12 | 32% | $6,400 | $14,800 | 0.51m | 18% | |
2010‑11 | $14,100 | 0.57m | 21% | |||
SF SCHOOL | 2013‑14 | 29% | $9,900 | $24,756 K‑5 $26,457 6‑8 |
1.24m |
18%
|
2011‑12 | 31% | $9,500 | $21,510 K‑5 $23,500 6-8 |
1.08m | 18% | |
2009‑10 | 35% | $9,800 | $19,950 K‑5 $21,520 6‑8 |
0.9m | 18% | |
LIVE OAK | 2013‑14 | 27% | $24,610 | |||
2011‑12 | 27% | $8,800 | $23,550 | 1.07m | 17% | |
2009‑10 | website 25% Form 990 29% |
$8,300 | $21,150 $22,600 |
0.95m | 17% | |
SF FRIENDS | 2013‑14 | 26% | $7,500 | $26,000 | 18.5% | |
2011‑12 | 26% | $7,900 | $24,045 | 1.79m | 18% | |
2009‑10 | 26% | $6,600 | $22,665 | 1.51m | 18% | |
PRESIDIO HILL | 2013‑14 | 22% | $23,900 K‑3 $24,950 4‑8 |
|||
2011‑12 | website 21% Form 990 23% |
$7,500 | $22,000 K‑3 $23,295 4‑8 |
0.67m | 15% | |
2009‑10 | 22% | $5,300 | $19,985 K‑3 $21,265 4‑8 |
0.69m | 17% | |
SF DAY | 2013‑14 | 21% | website $7,810 | $27,470 | 1.65m | 15% |
2011‑12 | 22% | $7,600 | $25,770 | 1.70m | 17% | |
2009‑10 | 25% | website $7,340 | $23,540 | 1.70m | 18% | |
BURKE (done) |
2013‑14 | 20% | $26,700 K‑4 $27,750 5‑8 |
11.5% | ||
2011‑12 | website 22% Form 990 20% |
$12,500 | $25,000 K‑4 $26,000 5‑8 |
1.05m | 10% | |
2009-10 | 22% | $11,200 | $23,400 K‑4 $24,200 5‑8 | 1.09m | 11% | |
HAMLIN (done) |
2013‑14 | 19% | $28,500 | website 1.58m* | ||
2011‑12 | website 21% Form 990 22% |
$11,600 | $25,675 | website 1.32m* actual 1.22m |
12% | |
2009‑10 | website 22% Form 990 19% |
$10,400 | $23,475 | website 1.2m* actual 1.08m |
11% | |
TOWN | 2013‑14 | 19% | $ |
$26,700 K‑5
$27,720 6-8
|
||
2012‑13 | 20% | $10,300 | $25,670 K‑5 $26,650 6-8 |
1.24m | 12% | |
2009‑10 | 17% | 1.10m | 11% | |||
ALTA VISTA | 2013‑14 | NL | $21,000 | NL | NL | |
2011‑12 | 11% | $19,000 K $20,000 1‑2 |
$119k | 13% | ||
MARIN PREP | 2013‑14 | NL | $20,630 K $22,070 1-5 |
NL | NL | |
2012‑13 | 10% | approx $15,600 | $19,930 K $21,320 1-5 |
$25k | 2% | |
NL=not listed.
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