Fanciest Private High Schools Now Cost Even More Than Ivy League Colleges

A blog about business and economics.
Jan. 30 2012 2:50 PM

Fanciest Private High Schools Now Cost Even More Than Ivy League Colleges

The ridiculously expensive high school I went to
The ridiculously expensive high school I went to

Wikipedia photo

While I think progressives have taken to over-focus on reductions in levels of state subsidy to higher education as an explanation for tuition increases, I think conservatives tend to over-focus on the existence of subsidies to explain spiraling costs. To see what I'm talking about, check out this New York Times article about tuition at New York City private K-12 schools:

Indeed, this year’s tuition at Columbia Grammar and Preparatory ($38,340 for 12th grade) and Horace Mann ($37,275 for the upper school) is higher than Harvard’s ($36,305). Those 41 schools (out of 61 New York City private schools in the national association) provided enough data to enable a 10-year analysis. [...] The median 12th-grade tuition for the current school year was $36,970, up from $21,100 in 2001-2, according to the national association’s survey. Nationally, that figure rose to $24,240 from $14,583 a decade ago.
With schools already setting tuition rates for the 2012-13 school year—Brearley’s is $38,200—parents at Horace Mann, Columbia Grammar and Trinity are braced to find out whether they will join families at Riverdale Country School in the $40,000-a-year club. (Riverdale actually charges $40,450 for 12th grade.) In fact, it appears to be a question not of “if,” but “when.”
Advertisement

Needless to say this is not usefully explained by the presence or absence of subsidies. It speaks, rather, to the underlying economics of the industry. Most families, clearly, can't afford to spend that kind of money. People who don't have $40,000 a year to drop on tuition aren't going to spend the money. But the people who do have the money are gluttons for this particular form of punishment. People will keep spending money on education and health care for their families until they're out of money.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

TODAY IN SLATE

Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Students Aren’t Going to College Football Games as Much Anymore

And schools are getting worried.

Two Damn Good, Very Different Movies About Soldiers Returning From War

The XX Factor

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.

Politics

Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

Why a Sketch of Chelsea Manning Is Stirring Up Controversy

How Worried Should Poland, the Baltic States, and Georgia Be About a Russian Invasion?

Trending News Channel
Sept. 19 2014 1:11 PM Watch Flashes of Lightning Created in a Lab  
  News & Politics
Weigel
Sept. 20 2014 11:13 AM -30-
  Business
Business Insider
Sept. 20 2014 6:30 AM The Man Making Bill Gates Richer
  Life
Quora
Sept. 20 2014 7:27 AM How Do Plants Grow Aboard the International Space Station?
  Double X
The XX Factor
Sept. 19 2014 4:58 PM Steubenville Gets the Lifetime Treatment (And a Cheerleader Erupts Into Flames)
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
  Arts
Brow Beat
Sept. 20 2014 3:21 PM “The More You Know (About Black People)” Uses Very Funny PSAs to Condemn Black Stereotypes
  Technology
Future Tense
Sept. 19 2014 6:31 PM The One Big Problem With the Enormous New iPhone
  Health & Science
Bad Astronomy
Sept. 20 2014 7:00 AM The Shaggy Sun
  Sports
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.