In the last two years, private and independent school enrollment has been on the rise as families across the nation are opting to make changes to their children’s education.
As a result of this shift, financing private school tuition has become a top concern. While costs can seem staggering, paying for your child to attend a private school doesn’t have to be a stress-inducing process. From financial aid to scholarships, there are a variety of financing options available—and you might be surprised to find out that a private school education is more affordable than you think.
If you’re considering private school enrollment for your child, here are six ways to make it affordable for your family.
How to Make Utah Private School Education Affordable for Your Family
1. Take Advantage of Financial Aid
Rowland Hall's need-based financial aid program considers every family’s unique circumstances, with the goal to match your financial means with a realistic tuition contribution.
In a recent Enrollment Management Association report, The Ride to Independent Schools 2020–2021, 47% of parents reported they did not apply for financial aid because they thought they would not qualify.
At Rowland Hall, all families with financial need are encouraged to apply for financial aid. Our need-based financial aid program considers every family’s unique circumstances, with the goal to match your financial means with a realistic tuition contribution. We currently provide more than $2.61 million per year in financial aid and scholarships to students in grades K–12, with most recipients receiving 50% or more in tuition assistance.
2. Apply for Need- and Merit-based Scholarships
Many private schools offer a variety of scholarships for qualifying students. Rowland Hall donors have established scholarships for students who possess both specific talents or qualifications and who demonstrate financial need.
As with any scholarship, be sure to carefully review all eligibility requirements, application dates, and application requirements to give your family the best possible chance to earn additional assistance.
3. Set Up a Payment Plan
The thought of paying full tuition all at once can be daunting, but there are often options to split tuition into multiple payments instead of paying one lump sum. Rowland Hall offers three payment options for families, including one-, two-, and nine-payment plans.
4. Look into a Loan
If you qualify for financial aid but need assistance with a portion of tuition, or if you have simply crunched your budget as much as possible and it’s still not balancing, consider applying for a tuition loan, which can help offset any remaining costs outside of your financial aid package.
A tuition loan may also be a good option for families that don’t qualify for financial aid.
5. Talk to Your Tax Expert
Recent changes to a new tax bill now allow parents to withdraw funds from a 529 account not only for college tuition but also for K–12 private education. Parents can withdraw up to $10,000 per year tax-free for tuition, and Utah residents may also earn a state tax credit for their contributions to the plan. Talk to your tax advisor for more information on 529 college savings plans.
6. Consider a School Voucher or Tax-Credit Scholarship
If you’re considering admission at a Utah private school, there are school voucher and tax-credit scholarship options for qualifying families, including the Carson Smith Scholarship, launched in 2005, which provides eligible families with vouchers to attend private schools.
No matter your financial situation, Rowland Hall is committed to making exceptional education affordable for every family, so be sure to explore every available opportunity.
Investing in Your Child’s Future
When families are considering private education, they are often seeking smaller class sizes, higher academic achievement, and college preparedness.
Placing students in small groups tends to foster close working relationships between teachers and students, thus enhancing learning.
At Rowland Hall, our student-teacher ratio is 10 to 1, and our average class size is 15 students. According to research from the US Department of Education and the National Center for Education Statistics, placing students in small groups tends to foster close working relationships between teachers and students, thus enhancing learning.
In the same piece of research, results from the National Assessment of Educational Progress (NAEP), showed that private school students performed higher than public school students on the NAPE:2000 tests. Additionally, their average scores were above those of public school students on the fourth-grade reading test and on the fourth, eighth-, and twelfth-grade science and mathematics proficiency tests.
Beyond intimate learning conditions and a commitment to academic achievement, our curriculum at Rowland Hall is enriched with experiential, hands-on, and inventive courses, as well as electives spanning everything from music, dance, and debate to robotics and competitive sports.
You Belong at Rowland Hall
At Rowland Hall, we are committed to empowering every student to reach their full potential in an inclusive school community. Since our founding in 1867, we have grown to occupy two urban campuses in Salt Lake City, where we support nearly 1,000 students in preschool through high school who are learning to become deep thinkers ready for a dynamic tomorrow.
Interested in learning more about Rowland Hall? Visit our admission page to contact our Admission Team and to hear from parents who have made the decision to invest in an exceptional education.