<p>Actually, the article at that link does not claim to list the most expensive prep schools,
but just “15 of the most expensive” secondary schools (all of which admit day students).
For a slightly dated list of the most expensive prep schools in the US, see this link:
[Most</a> Expensive Private High Schools - Forbes.com](<a href=“http://www.forbes.com/2006/12/09/private-schools-most-expensive-biz-cx_tvr_1211prep.html]Most”>Most Expensive Private High Schools)
Several day-only schools are included in the latter (e.g., BBN, Dalton, Fieldston, NCDS).</p>
<p>It’s accurate and up-to-date. The date says the article came out two days ago. </p>
<p>I think it’s just the day student tuition without the boarding fee, so it looks lower than the usual $40,000+ </p>
<p>Especially since the economic downturn, every boarding school has increased its tuition significantly, and you really cannot go lower than $40,000 (including transportation and others) these days… Sigh…</p>
<p>Your list omits one of the top New England schools - Choate Rosemary Hall (Choate). I have 2 children attending…best experience ever for them [and me]. The tuition for day students is $33k+, add another $10K for boarding and then travel, books, spending money etc…and you are talking another 5 - 6k a year (worth every penny).</p>
<p>Why are the schools on “metal_floss” ranking ordered the way they are? Not alphabeticaly, not based on price tag, and not based on prestige… weird.</p>
<p>Endowment per student is what drives the budget and scholarships. While there is a fixed cost of the operating budget for each school, each school’s ability to spend is impacted by their endowment. At the well endowed schools, every student is receiving substantial “aid” from the endowment. Just look at the operating budget and divide it by the # of students and you will understand that every student is paying only a portion of the cost of their education. Then go the next step and realize that the operating budget substantially ignores the cost of the land, buildings and equipment (most of which are substantially depreciated.</p>
<p>So, for the best endowed schools, boarding school is a bargain. And that’s why alums and parents need to pay and then donate. Even ‘full pays’ are getting scholarships.</p>