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ParentsCanada Guide to Private School - Fall 2017

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determine how much a family can afford to pay. Deferred payment plans are often allowed by schools so that parents can spread out tuition costs. Some schools let you pay monthly; for others, payment periods could be three or four times per year. Family discounts are often given when there are multiple children enrolled. Discounts tend to be deeper for each additional child. What families can do Schools try to meet families where they are fi nancially. On the fl ip side, families have to be willing to pay what they can afford. Many parents who enrol their children in private school do so with signifi cant fi nancial sacrifi ces. These commonly include lifestyle impacts such as forgoing expensive vacations, driving modest vehicles, and putting off home renovations. For some, it means considering refi nancing, a loan from the bank or line of credit, and/or slowing or delaying paying off household debt. Putting an annual tax refund toward school tuition and taking in a tenant are options for some families. If your child is young and you think it's a good possibility that you might want to consider private school later on, it's a great idea to contribute regularly to a TFSA (tax-free savings account) or other savings account. As well as a hard look at the family budget, look into whether there are government assistance options – such as the federal tax credit for a child with a disability, for example. Sometimes, families are helped over the fi nancial hump by extended family members. Meet with the school, meet with your bank, meet at the kitchen table. You won't know whether it's possible until you try! From wonder through challenge to inspiration. www.torontowaldorfschool.com Toronto Waldorf School since 1968 TUITION: what's included? To avoid unexpected costs, fi nd out exactly what you're paying for with tuition fees. The list below will give you an idea of what's typically included in tuition fees. It can be different depending on the school, so ask directly to be sure. what's included • academic courses – and activities and trips directly related to them • residential and sports programs • access to computer labs (for junior students) • licensing and user fees • textbooks (especially in junior school) • regular school cultural, social and recreational events • use of school health centre (typically staffed with registered nurses, with access to a school doctor if needed) • daily lunch (for some day schools) • yearbook • individual school photographs • local travelling expenses for athletic teams • student committee fees what's not included • registration fee (one-time)/ one-time fees for new students: an enrollment fee and an asset upgrade fee • special events • non-local/occasional trips • meals (for boarding students) • family participation in philanthropic opportunities to fundraise for the school • software licensing fees (typically for senior students) • school uniforms • some sports teams and co-curricular activities • transportation fees • facility renewal fee

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