40% of Median Income for Private Education, San Francisco?
It looks like more San Francisco residents need financial aid help. Families are spending 40% of their income! According to the California Association of Independent Schools and the San Francisco Chronicle:
In the mid-1980s, average school tuition at the California schools represented in CAIS’ network was about 15% of the median household income in the state. That grew to 25% by 2001 and then to 40% by 2009 in the wake of the hit to incomes during the Great Recession. It has stayed at about that level since.
Our experience is that most families fail to realize they qualify for financial aid. Further, many fail to realize that with a little planning, aid awards (some people call it "tuition assistance") can be substantial. Get help :)
The full SF Chronicle article here