Loans
If you have assets and the cash flow to take out a loan, consult your financial adviser to see if that is a viable option. Lenders who make loans specifically for private schools include:
Act Education Loans
"The Act Education Loan is a unique loan program especially created for parents or other involved adults (guardians, relatives, family friends) of elementary, secondary, and preparatory school students with financial need."
HES
Higher Education Services offers loans for K-12 private school tuition. Consult your school's financial aid officer for details.
Key Bank: AchieverLoan for Prep Schools
"Key offers a complete independent school program that helps you plan and finance your child's years through an independent school."
Wells Fargo Connection K-12 Loan
"The K-12 Loan program is a good choice for you if you are the parent or guardian of one or more students attending a private K-12 school or are considering a private, prep, military, boarding, or special education school for your child."
Sallie Mae K-12 Loans
"Sallie Mae’s K-12 Family Education Loan can be used to cover the entire cost of a child's education and expenses at private schools."
Your Tuition Solution™
"At Your Tuition Solution™, families choose a low fixed rate loan to make their child’s K-12 education more affordable. Schools receive payment upfront and save time on billing and collections—allowing them to focus on other important tasks. A Your Tuition Solution plan can be used at virtually any school."
Tuition Payment Plans
Private school tuition bills are rendered in July and November as a rule. Payment plans offer another solution by spreading the annual tuition over ten months. More than likely your school will be signed up with one of these providers:
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FACTS Tuition Management Service
"Find out why nearly 2000 schools and more than 200,000 families find FACTS to be the better way!"
HES
"An Installment Payment Plan can provide a valuable alternative to the traditional lump sum semester payments you are required to fund to cover educational costs. By participating in an Installment Payment Plan a student or parent can spread educational costs by paying those costs on a monthly basis."
Tuition Management Systems
"Everything we do centers around making it easier for students and families to afford education."
TuitionPay
TuitionPay is here to help you find the best way to pay for education. We're committed to simplifying what can be at times an overwhelming and frustrating experience.
Scholarships
A handful of organizations offer scholarships for students attending private school. Check with your state to see if there are scholarship funding organizations. SFO's raise money for private school scholarships.
Arizona Independent Schools Scholarship Foundation, Arizona School Tuition Organizations, Bay Area Scholarships for Inner-City Children Fund, Baltimore Educational Scholarship Trust, A Better Chance, BISON Scholarship Fund, Black Student Fund, Central City Scholarship Fund, Children's Education Fund (Dallas), Children's Scholarship Fund, The Daniel Murphy Scholarship Foundation (Chicago), The Independent Scholarship Fund, Inner-City Scholarship Fund (Boston), Inner-City Scholarship Fund (New York), Prep for Prep, Scholarship Fund for Inner-City Children, Washington Scholarship Fund, YES Opportunities, Inc.
