Milton Tuition Sees Annual Rise
by Nina Taneja on Friday, June 5th, 2015
If you ask Milton students what the price of their tuition is, you will get answers ranging from $20,000 up to around $70,000. Not many of us realize just how much it costs for us to attend Milton Academy. Yet the yearly tuition for private schools is a staggering amount and even surpasses the price tag of many colleges. In 2013, Business Insider ranked Milton Academy as the 25th most expensive private school in the nation for its day students, surpassing schools such as Choate, Winsor, Belmont Hill and Governors. Milton’s current tuition for day students is $42,130 (including lunch), and the boarding student tuition is $51,000 (including room and board).
Milton Academy, among other New England Prep schools, came under scrutiny in a 2006 Forbes article, which used the “Tiffany Effect” as an explanation for exorbitant school tuitions. Tom Van Riper, the author of the article, described this effect as being “the idea that people associate a premium brand with a premium price. That concept would surely induce wealthy parents to take pride in spending $30,000 or more per year to send their child to this elite boarding school that has graduated the likes of John F. Kennedy (Choate) and Franklin Delano Roosevelt (Groton).” Columbia University professor Henry Levin stated “people think that if a school is priced lower, it’s inferior.”
Meanwhile, Milton Academy’s tuition continues to rise. Ed Donahue, the Head of Accounting and Finance in the Business Office, reports that tuition for next year will rise by 3.9%, rounding the numbers out to $43,773 for day students and $53,332 for boarders. Tuition usually rises slightly every year, so 3.9% is typical and is normal for ISL schools, which on average raise their tuition about 4% every year. Mr. Donahue goes on to explain that the tuition rate is set in January during the Board of Trustees meeting for the following school year every year, and although Milton’s tuition seems high, on average it is “less than our peer schools.” Boarding School Review painted a different image, however, reporting the average New England private school as having a $28,ooo price tag for day students and a $48,000 one for boarders, a significant amount less than Milton’s tuition.
When asked where the tuition money goes and why an increase is needed, Mr. Donahue explains that “tuition money is used to cover salaries and benefits, academic programs, dining expenses, technology and the cost of operating the buildings on campus”. An increase in the tuition will also fund further advances in all of Milton’s academic departments.
Whether we like it or not, we all attend a very expensive academic institution, and tuition will only keep rising from here.
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