Financing the cost of a private elementary school education can be difficult. Luckily, a variety of agencies and organizations offer grants to help alleviate some of the financial burden.
Types of Grants and Financial Aid
According to the National Association of Independent Schools, there are three primary types of financial help for parents looking to fund their child's private schooling: Grants based on economic need, achievement-based scholarships, and loans or payment plans.
Families who meet specific income guidelines set forth by private school or funding agencies receive need-based grants. The National Association of Independent Schools states that in the 2005-2006 school year, approximately $957.7 million in grant money was given to families through need-based programs.
Scholarships for Private School
Families who do not meet need-based grant income guidelines may still qualify for scholarship money. Typically, these awards are merit-based and given to students who show exceptional levels of academic promise.
Government Grants for Private School
Some local governments offer grant money for public school children to attend a private school. For example, the Cleveland Scholarship and Tutoring program gives qualifying children within the Cleveland Municipal School District scholarship money to attend private school.
Many organizations offer achievement-based grants to attend private school. One example is the Boys' Club of New York scholarship program that offers academically qualified candidates funds to attend private school.
Finding Funding Sources
The School and Student Services website from the National Association for Independent Schools offers a list of organizations who provide merit-based grants to families wishing to send their child to private school. Parents are urged to consult with the specific school first to determine all funding options.