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So you’re thinking about sending your child to private school but you wonder if you can afford the tuition because of your budget. There are several ways you can pay for a private education. It’s a matter of self-discipline with finances and hard work. Many private schools offer flexible payment plans so that it will be easier financially. Here are additional ways to afford private school for your child.
Budget Your Income
When it comes to paying for private school, you’ll need to cut out all the extra expenses in your budget. Consider cooking more meals at home instead of eating out frequently. Set up a savings account where you contribute part of your check to it every pay period. Buy clothes and books from thrift stores or discount online retailers. Learn some DIY skills to save money. This is essential to affording private school.
Look into Scholarships
Some private schools offer scholarships to kids in certain circumstances. Contact the schools you’re considering and inquire about scholarships that they offer. Ask about the application guidelines and deadlines for applying. Some local, state and national organizations might offer private school scholarships. Visit your library and read through scholarship books to see the current scholarships. Some financial aid resource websites also have scholarship listings for private education.
Get Assistance from Family Members
Family members care about the quality of your child’s education and if you struggle to afford private school, it is okay to request assistance from family members. Be transparent about the tuition costs and get the agreement in writing. Once you receive the funds, develop a plan to repay what you owe them.
Put the Kids to Work
If your kids are teenagers, then have them contribute to the tuition throughout the year. There are businesses that hire teens to do various tasks and this teaches them responsibility. Your teens are also more likely to appreciate their education when they contribute to some of the expenses. You can even open a savings account where they put part of their check into every pay period.
Consider State Vouchers
Several states offer vouchers that assist residents in affording private education. Check out the Alliance for School Choice’s website, http://www.allianceforschoolchoice.org/school-choice-options. It contains a list of the states that offer private school vouchers.
Sell, Sell, Sell
Another way to fund private school is to sell your unwanted items that are in good condition. Host a neighborhood garage sale or sell some items online. By doing this you’ll have extra money to add to your savings.
In conclusion, with these helpful strategies it is possible to send your child to private school.