More Families Are Switching to Private School Despite Higher Costs
Written by
Dawn Allcot
Edited by
Daria Uhlig
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
The pandemic has brought a shift in the way American children are being educated — and the change is more than virtual learning and social distancing. More parents than ever are sending their children to private school, according to CNBC.
See: 15 States Where Private School Costs More Than CollegeFind: How Coronavirus Revealed America Is Failing Children — and Parents
A recent survey by EdChoice, reported by CNBC, showed that 41% of parents would prefer a private education for their children post-pandemic. Enrollment figures do not align with these statistics, however.
Emily Glickman, the president of Abacus Guide Educational Consulting in New York, told CNBC, “I am seeing unprecedented interest from the public-school community seeking entrance into private schools.”
Pre-pandemic, CNBC reported, private school enrollment was on a decline.
See: ‘Pandemic Parenting’ Has Reshaped the Workforce, Survey Shows
Find: Women All Over the World Have Lost $800 Billion in Income During COVID
With greater flexibility, larger facilities and fewer students, many private schools opened to full-time, in-person instruction before public schools had the go-ahead. Many parents who could afford it opted for private school in order to continue working productively, either inside or outside the home.
In addition, parents concerned about significant academic learning loss and stunted social-emotional progress may have opted for private school to provide a return to a normal learning environment for their children. Studies from McKinsey & Company showed that the learning loss affected Black and Hispanic students, as well as students with disabilities, disproportionately. The report showed that white students could be four to eight months behind while students of color could be six to 12 months behind.
The pandemic brought increased financial aid packages, helping private schools open their doors to families who previously could not afford a private school education. The National Association of Independent Schools reported that the average aid package per students rose to $19,240 for the 2020-21 school year, up from $18,717 in 2019-20 and up from $17,727 in 2018-19.
See: Here Are the 50 Most Expensive High Schools in AmericaFind: COVID-19’s Economic Impact on Education
Additionally, EdChoice reported that approximately 610,000 vouchers, ESAs, and tax credit scholarships were distributed in 2021, an increase from 2020.
The National Center for Education Statistics projected that public school enrollments would increase while private school enrollments would be lower in 2021 than they were in 2010, the last year for which the Department of Education collected statistics. However, certain factors such, as the pandemic and increased financial aid, may not have been accounted for in the projections.
More From GOBankingRates
-
- Money’s Most Influential: Where Do Americans Get Their Financial Advice?
- Don’t Miss Out on Nominating Your Favorite Small Business To Be Featured on GOBankingRates — Ends May 31
- ‘Rich Dad Poor Dad’ Author Robert Kiyosaki: You Should Never Say ‘I Can’t Afford That’
- Everything You Need To Know About Taxes This Year
