Wealthy parents increasingly seeking financial aid for K-12 education

Move over college students–you’re not the only ones seeking financial aid to pay for tuition. More parents are applying for loans and other help to pay their kid’sprivate elementary and high school tuition, reports CNN Money.  And it’s not just the poorest families looking for help. The number of families earning more than $150,000 that requested financial assistance for the 2010-2011 school year increased 6 percent since the 2002-2003, according to CNN Money, which reports that 20 percent of families seeking financial aid to pay for K-12 education are in that income bracket. The average cost of a year of private school is $21,995, a figure that’s ballooned 35 percent since the 2001-02 school year when adjusted for inflation, according to the New York Times…

Click here for the full story

Want to share a great resource? Let us know at submissions@eschoolmedia.com.