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25 of America’s Most Expensive Boarding Schools

25 of America’s Most Expensive Boarding Schools

When you hear the words “boarding school,” visions of Hogwarts or rich yet emotionally neglected children may come to mind. But what are America’s most expensive boarding schools really like—and more importantly, how much do they cost?

Well, it’s time to seriously look into launching an enterprise that will transform you into a millionaire, because you’ll find hefty tuition fees—along with amazing opportunities for your children to learn new and exciting lessons—on this list of 25 of America’s most expensive boarding schools.

1. Walnut Hill School for the Arts

walnuthills

    The boarding tuition expense for the 2014–2015 school year is $53,000 for this private boarding high school, according to the Walnut Hill School for the Arts website. Nestled in Natick, Massachusetts, students aren’t far away from bustling Boston as they choose to study subjects such as visual arts, media arts (covering writing and film) or theater, dance and music.

    2. San Domenico School

    sandomenico

      The San Domenico School is situated within the scenic hills of Marin County, California, and their total 9th- through 12th-grade tuition totals can range up to $54,800 per year. The school’s Virtuoso Program boasts an impressive list of universities that certain students of the boarding school have gone on to attend – as well as quality Marin Symphony guests.

      3. The Webb Schools

      webb-schools

        The boarding student tuition for these schools—which are separated into one for only boys and another for all girls—are $53,575 for the 2014–2015 school year. If you’ve got a budding paleontologist on your hands, the Webb Schools have their accredited Raymond M. Alf Museum of Paleontology directly on their campus.

        4. Blair Academy

        blair-academy

          While the name might remind us of a main character from the 1980s sitcom The Facts of Life, the annual fee for Blair Academy could turn smiles serious for those considering sending their children to the location in Blairstown, New Jersey. The boarding student costs for the 2014–2015 academic year that covers tuition, room and board is $53,600. The dorm life includes social activities like trips to the movies and holiday parties—not to mention dining services that are replete with “Blair Angus” burgers, Texas toast and a “protein zone” menu for post-athletic student endeavors.

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          5. Suffield Academy

          suffield-academy

            Tuition for boarding students at Suffield Academy is $52,300 for the 2014–2015 academic year, but you’d better add the cost of an Apple laptop onto those fees, which is a requirement for students. Located in Suffield, Connecticut—just 17 miles north of Hartford—this school features a 20,000–volume library, a new lifestyle yoga/Pilates center named The Balance Barn, and a plethora of outdoor fields for soccer, football, softball and more.

            6. Brandon Hall School

            brandon-hall-use

              The Atlanta-based Brandon Hall School is a college preparatory boarding school that is rumored to cost $62,300 per year, and requires students to complete the application process for at least two colleges in order to graduate. This process of creating practical methods of going on to higher education is why the school boasts 100% of its students going on to attend college, so prepare to study up on cashing out your annuity in order to help your kids make the grade for this high-cost institution.

              7. Brooks School

              brooks-school

                Boarding students in this North Andover, Massachusetts, school may face a tuition cost of $53,420; however, with 10 dormitories, a long list of extracurricular activities and plenty of “Afternoon Programs” in the bucolic location above Lake Cochichewick, it could be well worth the fee.

                8. Cushing Academy

                cushing

                  The 2014–2015 tuition and fee costs for Cushing Academy boarding students is $53,700—and this private school has been praised for providing 21st century leadership skills—as well as a bunch of different dorm activities (like pizza parties and powwows) that help students bond.

                  9. Williston Northampton School

                  Williston Northampton School

                    The 2014–2015 academic year tuition for an upper school boarding student is $52,900 for the Williston Northampton School located in Easthampton, Massachusetts. The family-like environment features a merit scholar legacy program for alumni family members that meet certain stipulations and standards.

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                    10. Hebron Academy

                    hebron

                      Students who live in the United States or Canada will pay a 2014–2015 boarding tuition of $53,900—while international counterparts outside those areas pay $56,900 to call Hebron Academy their boarding school home. With a top-class athletic center, ice-skating arena and extensive trails, this top tier school is located in Hebron, Maine.

                      11. The White Mountain School

                      white-mountain

                        The boarding tuition for the 2014–2015 academic year is $52,000 for the White Mountain School, which is perfect for those who love the picturesque and rugged countryside of Bethlehem, New Hampshire. The lessons taught in the academy’s sustainability study teach students about life from the cradle to the grave.

                        12. Holderness School

                        holderness

                          You’ve probably heard of Upward Bound; well, the Holderness School has a special program called Artward Bound that allows students to express themselves through all measure of artistic endeavors. The charge for tuition, room and board for this Plymouth, New Hampshire-based school for the 2014–2015 academic year is $54,100.

                          13. Portsmouth Abbey School

                          portsmouthabbey

                            This Rhode Island school for 9th to 12th graders has a boarding tuition for the 2014–2015 academic year of $52,730. Founded in 1926 by a Benedictine monk, the Portsmouth Abbey School sits on an idyllic 525–acre campus close to the beautiful shores near Newport. With a wide range of sports and visual arts programs, the institution includes community service internships as well.

                            14. New Hampton School

                            newhamptom

                              Boarding tuition and fees for the 2014–2015 school year for New Hampton School are  $53,700. The New Hampton, New Hampshire-located school offers a special international exchange program whereby a handful of students, along with a couple of faculty advisors, travel to China.

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                              15. Wilbraham & Monson Academy

                              wma

                                Wilbraham, Massachusetts, is the stomping grounds of the aptly named Wilbraham & Monson Academy, whose 2014–2015 tuition for upper school boarding students is $52,985. Little details make the school special, such as the “family meals” that the students have each week with other students in the dormitories in order to foster stronger relationships and learn how to serve one another.

                                16. George School

                                georgeschool

                                  George School boarding students tuition and fee amounts for the 2014–2015 academic year are $53,600—an amount that will also cover room and board. Although Quakers located in Newtown, Pennsylvania, founded the school, “GS” doesn’t seek to convert children to a path of Quakerism. Instead the focus remains on fun art activities, academics and athletics—all married with a sense of understanding.

                                  17. The Thacher School

                                  thacher

                                    The 125–year–old Thacher School is located in gorgeous Ojai, California; however, students get the choice to take an entire year to study elsewhere, either in the United States or overseas. The boarding tuition and fees for the 2014–2015 school year are $53,500.

                                    18. Deerfield Academy

                                    The total tuition costs for the 2014–2015 school year of $54,580 that boarding students pay for Deerfield Academy covers a wide range of items, such as academics, room and board—as well as lab equipment use, art supplies and lots of the weekend campus perks. Perhaps the biggest bonus of attending this school is that certain alumni go on to attend Ivy League schools such as Harvard and Yale.

                                    19. The Masters School

                                    masters

                                      Expect to shell out $55,050 for boarding costs, tuition and special event fees for the 2014–2015 school year for this Dobbs Ferry, New York, academy that houses boarding students from all over the world as well as those closer to home. Placed within 96 acres and woods that have a vantage point above the Hudson River, The Masters School is an ideal environment for learning.

                                      20. Sandy Spring Friends School

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                                      ssfs

                                        The Sandy Spring Friends School sounds like the perfect place to meet new acquaintances and academic ideals, and for tuition costs of $54,600 for 7–day boarding of students from grades 9 through 12, plenty of opportunities for bonding arise in this school that focuses on outdoor learning and athleticism in Sandy Spring, Maryland.

                                        21. Tabor Academy

                                        tabor

                                          The Tabor Academy boarding students pay $53,375 for tuition and fees during the 2014–2015 school year to learn a variety of subjects, including up close and personal marine biology studies conducted during two-week-long winter breaks in the Caribbean. Beyond that, the Marion, Massachusetts “School by the Sea” focuses on language arts, athletics and a great measure of subject areas to keep interest from waning.

                                          22. Mercersburg Academy

                                          mercersburg

                                            Count notable actors such as Jimmy Stewart and Benicio del Toro—both Oscar winners—among the illustrious former students of Mercersburg Academy in Mercersburg, Pennsylvania. And while you’re counting, plan for tuition, room and board costs of $52,700 for the 2014–2015 school year for this 300–acre campus that prides itself on birthing students that go on to attend highly competitive colleges.

                                            23. Oregon Episcopal School

                                            oes

                                              At the Oregon Episcopal School in scenic Portland, Oregon, tuition for the 2014–2015 school year is $53,498 for boarding students in the 9th through 12th grades. The combination of small class sizes and an emphasis on global exchange programs along with college prep instructions makes this a valuable place to pick up values and educational skills.

                                              24. The Winchendon School

                                              winchendon

                                                The Winchendon School costs $54,080 for boarding tuition and fees for the 2014–2015 school year, and for that cost, “The Winch” provides its attendees with a big education in digital literacy, top-notch athletics, arts and college-prep classes at the New England boarding school.

                                                25. St. George’s School

                                                stgeorges

                                                  Rounding out the list is St. George’s School, another Newport, Rhode Island-helmed boarding school that costs $54,100 for the 2014–2015 academic year for boarding students. “Because the journey matters,” reads the tagline of this Episcopal school by the sea that allows more than half a dozen students to travel the Atlantic shoreline on board Geronimo, a large marine research vessel. Perhaps the pledge to act with truthfulness and honor in the student’s honor code is what draws parents the most to this learning facility—along with all the additional academic and spiritual offerings.

                                                  Featured photo credit: Suffield via media.cdn.whipplehill.net

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                                                  Published on May 7, 2019

                                                  How to Invest for Retirement (The Smart and Stress-Free Way)

                                                  How to Invest for Retirement (The Smart and Stress-Free Way)

                                                  When it comes to stocks, I bet you feel like you have no idea what you’re doing.

                                                  Everyone who’s not a financial expert has been there. I’ve been there. But, time is passing and you need to be crystal clear with how you’re investing for your retirement.

                                                  Otherwise, it’s back to work until you can afford not to. So, how can you invest for retirement when you’re not a financial expert?

                                                  You take the time to learn the fundamentals well. If you do, you can grow your wealth and retire happy. The best part is that you don’t need to be a financial expert to make smart investment decisions.

                                                  Here’s how to invest for retirement the smart and stress-free way:

                                                  1. Know Clearly Why You Invest

                                                  Odds are you already know why should invest for retirement.

                                                  But, maybe you know the wrong reasons. It’s time you get clear on why you’d like to retire. Here are some questions to help you get started:

                                                  • Will you spend more time with your family?
                                                  • What does retirement mean to you?
                                                  • Are you looking to launch that business you’ve been holding off for years?

                                                  Everyone wants to retire but not for the same reasons. Once you’re clear for why retirement is important for you, you’ll focus on making it happen.

                                                  Investing in the stock market allows you to take advantage of compound interest.[1] All this means is that your money earns money on top of its interest. A reason why investment in the stock market is one of the best ways to plan for retirement.

                                                  2. Figure out When to Invest

                                                  “The best time to plant a tree was 20 years ago. The second best time is now.”– Chinese Proverb

                                                  It’s true if you’d had started investing when you were 10 years old, you’d have a lot more money than you do today.

                                                  The reality is that most people don’t start investing until it’s too late. So, if you’re currently waiting for the perfect time to start an investment, it would be today. Open your calendar and block out 2 to 3 hours to choose how you’ll invest for retirement.

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                                                  A quick way to get a snapshot of where you stand is to use Personal Capital. Input all your personal information and spend some time setting your retirement goals. Once completed, you’ll know where you stand with your retirement.

                                                  Having a savings account for retirement isn’t planning for retirement. Why? Your money loses value when you factor in US inflation.[2]

                                                  3. Evaluate Your Risk Tolerance to Create the Perfect Portfolio

                                                  Investing your money well depends on your emotions.

                                                  Why?

                                                  Because when the market drops most people panic and withdraw their money. On average, the US stock market yields an annual 6% to 7% ROI (return on your investment.) But, this won’t happen if you’re worried about short-term loses.

                                                  Before you invest your next dollar, know your risk tolerance.[3] Your risk tolerance determines the number of risky and safe investments you’d have.

                                                  Regardless of your investing style, you need to view investing for retirement as a long term game. Know that some years you’ll lose money but recoup this in the long-term.

                                                  Avoid watching market-related new. Also, create a double authentication to log in your investment account. This way you’re less likely to withdraw your money.

                                                  4. Open a Reliable Retirement Account

                                                  Depending on your circumstance, you may need to open a new brokerage account. This is the account is where you’ll invest your money.

                                                  If you’re currently working for a company, odds are that they offer a 410K investing account. If so, here’s where you’ll invest most of your money. The only problem with this is that you’re limited to the stock options that are available.

                                                  You do have the option to open a separate IRA (individual retirement account.) Here are some of the best brokers:

                                                  1. Vanguard
                                                  2. TD Ameritrade
                                                  3. Charles Schwab

                                                  5. Challenge Yourself to Invest Consistently

                                                  Committing to invest for retirement is hard, but continuing to do so is harder.

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                                                  Once you’ve started investment for your retirement, you run at risk from stopping. Often you’ll want to contribute less, so you’d have more money in your pocket.

                                                  That’s why it’s important that you create a budget that allows you to invest each month. If you’re working for a company, you can set a percentage for the amount you’d like to contribute each month. Most people by default contribute 1% but aim to contribute 10% to 15%.

                                                  Be the judge for how much you can afford to contribute after covering important expenses. To stay motivated, use Personal Capital to view your net worth.

                                                  A benefit to contributing money to your retirement account is not taxed. For example, if you earn $100 and invest 10%, you’d contribute $10, then get taxed on the remaining $90. As of 2019, the most you’re able to contribute towards your 401K is 19K but this can change.

                                                  6. Consider Where to Invest Your Money

                                                  The most common way to invest your money is in stocks, but it’s not the only way. Here are other ways to invest:

                                                  Robo Advisors

                                                  Robo-advisors[4] are fancy algorithms that’ll choose the best investments for you. Sites like Wealthfront make it easy for first-time investors to invest their money. You’d input information about yourself and set your risk tolerance.

                                                  Then, set your monthly contribution amount and your robo-advisor would do the rest. Robo-advisors charge a fee to manage your money, but less than regular advisors.

                                                  Bonds

                                                  Think of bonds as “IOUs” to whomever you buy them from.

                                                  Essentially, you’re lending money and charging interest. Like stocks, not all bonds are equal. Some will be riskier than others depending on their rating.

                                                  Here are the different types of bond categories:[5]

                                                  1. Treasury bonds
                                                  2. Government bonds
                                                  3. Corporate bonds
                                                  4. Foreign bonds
                                                  5. Mortgage-backed bonds
                                                  6. Municipal bonds

                                                  Mutual Funds

                                                  Picture a group of people dumping all their money in a jar that’s managed by a professional. This is how mutual funds work. The fund manager manages the money looking to earn capital gains (interest.)

                                                  One of the best types of mutual funds is index funds. Since these funds don’t try to beat the market and instead follow it, they need less research. Because of this they often charge the lowest fees and yield the best long-term results.

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                                                  Real Estate

                                                  Yes, buying a home is an investment when done correctly.

                                                  Imagine buying a home and using it as a rental property. After repairing it, you receive a monthly surplus check of $100 to $200.

                                                  This may not sound like a lot, but repeat this process enough times and you’d earn a large amount of passive income. That’s why real estate is one of the best investments to not only retire but become wealthy.

                                                  But, it requires a lot of money to start and you should expect losing money along the way as you learn the process.

                                                  Savings Accounts

                                                  Your money can still grow in a savings account. Nowadays most online banks offer a 2% annual return. Although the average inflation is higher your money will be available when you need it.

                                                  7. Master Disincline to Dodge Short Success

                                                  Investing for retirement is a long-term strategy. That’s why you need to master delayed gratification. All this means is delaying short-term pleasure for something bigger in the future. Research shows that those who have delayed gratification are more successful.[6]

                                                  So how can you master delayed gratification?

                                                  By building your discipline.

                                                  Think back to what retirement means to you. A clear purpose will help you avoid withdrawing your money during a market downturn. It’ll help you contribute more towards retirement when you’d want to waste it instead.

                                                  Your journey towards retirement will be long, so reward yourself along the way. Choose a reward that’s relevant and meaningful, so that you reinforce positive behavior. For example, after contributing more towards retirement, treat yourself to dinner.

                                                  8. Aggressively Invest on This One Investment

                                                  I’ve mentioned several types of investments but haven’t covered the most important one.

                                                  It sounds cliche but here’s why you’re your best investment towards retirement. The more you know, the more money you’ll be able to make. The more good habits you adopt, the more secure your retirement will be.

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                                                  More importantly, investing in yourself is an investment that no one can take away. There’s no market downturn nor tragic circumstance that’ll wipe your knowledge and experience.

                                                  But, how can you invest yourself?

                                                  Reading books, blogs, and anything that’ll help you learn new topics daily. Listen to podcasts and audiobooks on your commute to/from work.

                                                  Save money to buy courses and hire coaches. I used to believe hiring coaches was a waste of money when I could learn the subject alone.

                                                  But, coaches see your blind spots and hold you accountable. Hiring the right coach will help you achieve your goals faster than you would’ve alone.

                                                  Retire Happy with Excess Money

                                                  The key to a secure financial future doesn’t only belong to financial experts.

                                                  It’s possible for you and I. What if you were able to retire earlier than most people and weren’t a financial planner? What if you were able to focus on what you enjoy doing the most while your money was working hard for you?

                                                  I know this sounds impossible now, but the truth is you’re capable of taking charge of your retirement. I’m not a financial expert but I’ve learned how to invest my money by reading books and learning from others.

                                                  Investing your money is scary. So start small and invest a small amount of your money with a robo-advisor. Feel your money drop and rise for a month or two. Then, invest more and keep this up until you’re aggressively saving for retirement.

                                                  One day, you’ll wake up with a net worth you’re proud of – confident about your retirement. You now know a few strategies you can use to invest in your retirement. Will you take action to retire happy?

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                                                  Featured photo credit: Matthew Bennett via unsplash.com

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