How to Get Financial Assistance for Private School Costs

| 6 min read Financial Assistance

No matter the reason, sending your child to a private school is a big decision. Some parents choose private schools as an option when public schools aren’t working for their child, while others plan in advance for private schools beginning with preschool and kindergarten. Even though private school tuition can be expensive, covering the cost does not have to be a source of stress for your family. Discover below three sources of financial assistance for private school, so you can ensure your child receives the education you want for them.

Private school costs to consider

There are a few costs to private schools that you should know about beyond just tuition. Take a look below at some of the costs you can expect, so you know what to prepare for.


By far the largest expense related to private schools, the national average cost of private school tuition is $12,711 for the 2024 school year, according to Private School Review. Furthermore, Private School Review also states that the average cost of private elementary school tuition is $11,788 and the average cost of private high school tuition is $16,271 per year.

Room and board

If you send your child to a private school that is far enough away from your home, room and board may be an extra expense beyond tuition. This cost will vary based on the school. For example, the University of North Carolina School of the Arts charges between $7,074 to $9,660 per year for room and board

Miscellaneous items 

These are items such as meals, school-related trips, music or dance lessons, a school uniform, textbooks, and supplies for specialized courses. For example, meal plans at a private middle school can range from $500 to $1000, and a school uniform at a private high school can cost anywhere from $25 to $200. Check with each school for a complete list of miscellaneous expenses you can expect.

Tuition insurance

If you are making tuition payments, most private schools will require that you purchase tuition insurance. This protects the school in case you can no longer make tuition payments, and also protects you in case your child must withdraw from school for any reason. The cost of tuition insurance typically will not exceed 1% of the total tuition balance.

How to pay for private school: 5 resources

While private school is expensive, paying for a private education for your child is possible no matter your income. Discover five private school funding sources, below.

1. Private school scholarships

Scholarships are a great way to help cover the bulk of tuition, though keep in mind competition is typically high. Every scholarship also has its own application requirements and deadlines.

  • The Jack Kent Cooke Foundation provides scholarships for children beginning in 7th grade, all the way through college. Scholarships are awarded based on academic performance and financial need.
  • The AAA Scholarship Foundation offers private school tuition assistance for low-income children or those with disabilities in certain states. Applications can take 10-12 weeks to process. 
  • For children of color in grades 4-9, A Better Chance offers tailored guidance and support to help families access scholarships. 
  • For other sources of tuition assistance, check with your state department of education to find scholarships specific to your area.  

2. Financial aid for private school

The National Association of Independent Schools found that 25% of students attending private school for the 2019-2020 school year received some type of financial aid, with $11,500 being the average grant amount of financial aid. Though you may qualify for financial aid based on your income, not all private schools will have enough funds to help every student. Check with the specific school to see if financial aid is offered, and make sure to note application deadlines.

3. Tax-deferred savings plan

How to pay for private school K-12 tuition can be simplified with a 529 plan. This is a type of tax-deferred education savings plan that you can use for qualified tuition expenses, even including college tuition. In addition to federal tax exemption, some states also offer a full or partial tax credit when withdrawing funds from the plan. You can now also rollover unused funds into a tax-free 529 ABLE account—used to pay for disability expenses.

4. Coverdell education savings account

Another option if you are planning for private school, a Coverdell ESA allows you a tax-free way to pay for educational expenses beyond just tuition. A Coverdell ESA typically has lower fees than a 529 plan, although the maximum amount you can contribute each year is $2,000.

5. Fundraising for private school

Crowdfunding is a fun and easy way to raise money for tuition, and you can even include your kid or teen in fundraising efforts. Plus, your child will learn valuable skills they can use later on through the experience of starting a fundraiser—for example, fundraising to help pay for college.

Examples of successful private school fundraisers

Take a look at how families are using the power of crowdfunding for help paying for private school tuition.

Help Timothy’s school tuition

Brittany, a single mother to two children, wanted to ensure her children would receive a proper education. The location of her home and job along with some learning challenges her children face forced Brittany to put her kids in private school. However, the cost of a private school on top of regular expenses was getting overwhelming. She started a fundraiser and it reached its fundraising goal, raising $4,000 to allow her children to continue to attend their private school.

Private school funding for Jackson

Wyndi started a fundraiser for her son Jackson, a 10-year-old with Down Syndrome. She knew her son needed a more personalized learning environment beyond what the public school system could offer. She raised nearly $8,000 to help pay for a private school that is tailored to Jackson’s needs.

Ashlyn’s school tuition

As a single mother, Velvet wanted to provide the best possible education for her daughter Ashlyn—but was worried about the cost of private high school. Ashlyn helped research different options and was accepted into a local private high school that was willing to work with the family on tuition payments. With extra help from her fundraiser, Velvet raised over $2,000 to cover the remaining tuition balance. 

Find financial assistance for private school costs today

Sending your child to a private school doesn’t have to mean that your family goes into debt. There are many resources available to help pay for tuition, and online fundraising is a quick way to raise the money you need. With GoFundMe, our Customer Care team is here to support you every step of the way. Start your fundraiser for private school tuition today.

Written by Brittany Chambers

I believe we all have the power to make a difference. Through informative and heartfelt content, I hope to create change and inspire others to give back to those who need it most.