US Private School Tuition Nears $50,000 as Inflation Lifts Costs
- Cost for day school jumps 7.4% to $49,284 on average
- Inflation has raised costs of teacher pay and school materials
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The cost to attend private schools in the US has hit all-time highs as inflationary pressures prompt institutions to boost fees.
The annual tuition for a day school rose about 7.4% to $49,284 on average and for a boarding school it climbed roughly 5.3% to $73,080, according to an annual report on the sector released Wednesday by S&P Global Ratings. The percentage increase for day schools was the most in at least a decade, according to the data from 53 independent schools that S&P rates.