Private High School

Financial Tools Exist To Fund Private High School School Education

Families usually choose private high schools because most of them feature challenging college prep curricula that help students develop effective habits and a base of knowledge for succeeding in college. There are many types of day and boarding schools that offer varied educational and cultural experiences, such as traditional college prep, catholic or parochial school, Hebrew school, Montessori school, military school and special needs school.

About 10 percent of all American K-12 students attend private schools, with that figure rising. Private schools can cost from about $10,000 to $50,000 a year, depending on the grade. Therefore, it is surprising that the majority of kids that attend private school belong to the middle or upper middle class.

Parents spend their savings, take out second mortgages, apply directly to independent schools and apply for private loans from lenders who have developed products for this market.

Financial Aid from Private Schools

The best source of information about available funding is the school’s financial aid office. Most private high schools have extensive, professional financial aid offices. They typically offer their own financial aid, which is awarded to families based on merit and need. These can include outright grants, loans and scholarships. By doing this, private schools are able to diversify their student populations and make quality education more accessible and affordable.

 Many private schools offer tuition payment plans, as well. School financial aid offices typically partner with a financial institution that manages payment plans for payees.

The National Association of Independent Schools (NAIS) has a membership of over 1,400 independent schools and is the primary source of services and support for independent schools in the United States. Most NAIS-member schools and several non-member schools require that families seeking financial aid submit a Parents’ Financial Statement (PFS) to the NAIS.  From the information on the PFS, NAIS School and Student Service for Financial Aid (SSS) determines the family’s expected contribution toward the cost of the school. For more information on the PFS and SSS, please visit the NAIS website at

Private Student Loans for High School Education

Here are some of the leading lenders and special loan products that may provide a solution that’s right for your family.

  • Your Tuition Solution ( offers a low fixed rate K-12 loan designed to help parents and legal guardians pay for private school tuition.  Unlike most other K-12 loan programs, there are no origination fees.
  • A K-12 Family Education Loan from Sallie Mae allows borrowers the full cost of tuition annually, with an additional amount for any additional educational expenses. More information is at