I have seen this question asked more in the past nine months than at any time in the twelve years I have written this column. The answer? Unequivocally "yes". The reason why is that schools have no other way to make sure you pay your bills. It's just like a car loan. The bank loans you money to buy the car but puts a lien on the title to the car so that you cannot sell it without the bank's permission. If you stop making payments, the bank can take back the car.
So your child's transcript or academic record is held hostage until all of your bills are paid in full. You didn't know that? Yes, you did, because you signed a statement or contract with the school stipulating those specific conditions. If you read the fine print, you will see what happens if you withdraw your child or refuse to pay any indebtedness to the school. Why is a transcript important? Because employers, colleges and universities will required a certified copy of your child's high school transcript for verification purposes.
Have more questions about private schools? Questions Most Often Asked by Parents covers a lot of ground. Or post your question in the Private Schools Forum.
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