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June 24, 2011 > Tuition at some NYC private schools tops $40,000

Tuition at some NYC private schools tops $40,000

Submitted By AP Wire Service

NEW YORK (AP), Jun 20 - With $40,000 you could buy a new Lexus or a foreclosed house in a depressed community. Or you could pay for one year at some of New York City's top private schools.

The Riverdale Country School will charge $40,450 for high school students in the fall, and other schools are not far behind. The Hewitt School will charge $38,000, and Ethical Culture Fieldston will charge $37,825.

Added costs like transportation, books and supplies will bring the total annual tab at several schools up to $40,000.

Tuition costs at New York City's private schools have risen 79 percent in the past decade. Riverdale's head of school, Dominic A.A. Randolph, told The Wall Street Journal he was ``perturbed'' by the rising costs. But he said Riverdale's parents pay for an ``amazing'' education.

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Information from: The Wall Street Journal, http://www.wsj.com

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