New York City is home to some of the best schools in the country, but they don't come cheap. The economic downturn hasn't stopped colleges from going well above $50,000 a year in tuition, and elite prep schools aren't much cheaper. If a New York City parent decided to send their child to the most expensive preschools, grade schools, Northeast boarding schools, colleges and law schools here's what it may cost:
The 92nd Street Y has one of the most sought after preschool programs in the city. To send your two-year-old there three days a week it will cost you $14,400, if your child continues there at age three and goes full time you'll pay $21,100, and if they stay on a third year it will cost $25,850. This means your child's preschool education will cost $61,350.
The elite Dalton School ranks among the most expensive grade schools in the city. (Full disclosure, I went to the Trinity School which only costs a couple hundred dollars less.) Dalton's K-12 tuition is $35,300, which means the full nine years there will cost a family $317,700.
NYC high schools aren't cheap, but the popular boarding school options cost even more. If you decide to send your child to Groton for high school it will cost you $46,790 a year, for a total of $187,160.
New York's Sarah Lawrence topped the most expensive colleges list this year, with a whopping price tag of $56,420 per year. If you send your child there, the total for four years will run $225,680.
Law school is a popular option for students after college and Columbia has one of the best. Including books and room and board, Columbia Law will cost you $74,000 a year, or $222,000 over all.
This brings the grand total of educating your New York City child at the most expensive schools from preschool through law school to $1,013,890.