subject: 4 Tips to Afford Boarding Schools in California [print this page] 4 Tips to Afford Boarding Schools in California
Boarding schools in California can be a huge expense. If you are living on a single-income or on a budget, you make think that boarding schools are simply out of reach for you and your family. Before you write boarding school off as an impossible expense, check out these four ways to afford boarding schools in California. You may find that boarding school is within your reach.
Check into Payment Plans
Many boarding schools in California offer payment plans, letting parents divide a full year's expenses into nine or ten equal payments. While the expense of tuition and room and board is the same, disbursing payments over nine or ten months can make a big difference in affordability. Check with the school's admissions department to see if payment plans are available.
Apply for Financial Aid
Most boarding schools in California offer financial aid. Financial aid can come in the form of merit-based scholarships or need-based grants. In either case, you will not need to pay pack these awards in the future. Check the school's website or ask the admissions office what forms of financial aid are available. Then apply, even if you think it is a long shot.
Student Loans
Student loans are another option for financing the expense of boarding schools in California. While loans may not be your first choice, financing a portion of your child's education through loans can have a big payoff when it comes to his or her future. Check with the school to see if they recommend any specific loan programs. It is a good idea to check with your personal banking institution as well to make sure you get the best rate.
Tax Deduction
In some cases, a portion of boarding school expenses may be tax-deductible. If you must place your child in boarding school so that you and your spouse may work, a portion of the expense may be tax deductible. Furthermore, if your child has mental or physical disabilities that require him of her to attend a boarding school, a portion of the expense may be tax deductible. Contact you tax professional to see if your boarding school expenses are tax deductible.
