<p>Article in the Times today about how a number of private schools are crossing the $40K annual tuition line. </p>
<p>"Over the past 10 years, the median price of first grade in the city has gone up by 48 percent, adjusted for inflation, compared with a 35 percent increase at private schools nationally and just 24 percent at an Ivy League college."</p>
<p>That's before they hit you up with the fundraising.</p>
<p>And there's no shortage of of willing applicants.</p>
<p>"The median number of applications to New York schools has increased 32 percent over the past decade, according to the association, and in some schools the acceptance rate is staggeringly low. At Trinity, only 2.4 percent of children from families with no previous connection to the school were admitted to kindergarten last year. Far from being deterred by the sticker prices, more families seem to be hiring consultants at an additional cost in hopes of getting a leg up.</p>
<p>"One consulting firm, Manhattan Private School Advisors, said it worked with 1,431 families this school year, up from 605 three years ago. The companys fee has gone up, too: It was $21,500 this year and $18,500 three years ago."</p>
<p>Financial aid has not increased, about a fifth receive it today and ten years ago. The median aid package has increased, though, from about $14K to $25K.</p>
<p>You don't have to be a school with long tradition to charge these numbers. The $39,750 nursery school is part of an institution that has yet to open its doors.</p>