How much are parents willing to shell out for their children to get the best possible education?
According to a survey by the National Association of Independent Schools in the US, the median cost of educating a child in a private school in the US lies around US$45,000(S$56,074), inclusive of boarding.
The annual fees of for day school is about $20,000, reported the Huffington Post.
The price tag is justified by the state-of-the-art facilities; course offerings that rival some elite universities; a chance to study with the children of business tycoons and monarchs; and counsellors with long-standing ties to the most elite colleges and universities.
According to an article from the Wall Street Journal, the annual tuition fee at the Riverdale Country School, a private school in New York City, costs more than a year at Princeton or Harvard.
Riverdale charges US$40,450 while a year at Princeton University will set a student back US$37,000 and US$34,976 for a year at Harvard University.
However, the private schools in US are not the only ones that charge exhorbitant fees. A year at Institut Le Rosey in Switzerland will cost a student $99,566 inclusive of boarding.
Asia's private schools can also cause a dent in the pocket, with Singapore-based United World College SEA making it into the 10 list of extremely expensive private schools.
The school that caters for students from kindergarten through grade 12 charges $48,403 for boarding students and $24,884 for day school students.
Take a look at the 10 extremely expensive private schools.
abrahamr@sph.com.sg
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Posted by Small Fly on Wed, 15 Aug 2012 at 12:40 PM
