Does prep school pay?
I was watching my nephew play Ultimate Frisbee a few weeks ago (very cool!) at Colorado Academy, a private school in Lakewood. The grounds were impressive so I wondered how much it costs to go there. Well, just $15,350/year for Pre-K, $19,230/year (yes, per year) for K-5th grade and $20,230/year for grades 6-12. After I caught my breath, my wife and I wondered if sending your kids to a private or prep school really pays off. According to Forbes, it does…
“…On average the 20 schools that top our latest annual ranking of prep schools sent nearly one-third of their graduates to the Ivies, MIT or Stanford. In contrast, less than .01% of all US high school graduates ended up in those schools in 2008…
(source: Forbes)