Top Financial Assistance Options for Private Schools
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 for private schools, beginning with preschool and kindergarten.
Even though private school tuition costs can be expensive, covering the price does not have to be a source of stress for your family. Discover below three sources of financial assistance for private schools, so you can ensure your child receives the education you want for them.
Private school costs to consider
There are several additional costs associated with private schools beyond tuition that you should be aware of. Take a look below at some of the costs you can expect, so you know what to prepare for.
Tuition
By far, the largest expense related to private schools is tuition. The national average cost of private school tuition for the 2025 school year is $14,903, according to Private School Review. Furthermore, Private School Review also states that the average cost of private elementary school tuition is $13,931, and the average price of private high school tuition is $17,811 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 your school choice. For example, the University of North Carolina School of the Arts charges between $8,988 and $17,976 per year for a room for the 2025-2026 school year.
Miscellaneous items
These are items such as meals, school-related trips, music or dance lessons, a school uniform, textbooks, and supplies for specialized courses. Check with each school for a complete list of miscellaneous expenses you can expect to incur.
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, regardless of your household income. We’ve included five private school funding sources below.
1. Private school scholarships
Scholarship programs are a great way to help cover the bulk of tuition, though keep in mind that competition is typically high. Every scholarship fund also has its own application process and eligibility requirements.
- The Jack Kent Cooke Foundation provides scholarship opportunities 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 from grades K-12, check with your state department of education to find scholarships specific to your school district.
2. Financial aid for private schools
The National Association of Independent Schools found that 28% of students attending private schools for the 2019-2020 school year received some form of financial aid, with an average grant amount of $11,500. 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 available, and be sure to note the application deadlines.
3. Tax-deferred savings plan
Paying 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, 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 and special needs 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 of two children, wanted to ensure her children received 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
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 payment plans. 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 cover tuition costs, and online fundraising is a quick and effective way to raise the necessary funds. With GoFundMe, our Customer Care team is here to support you every step of the way. Start your fundraiser for private school tuition today. 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.