Children of affluent Coconut Grove residents can attend big-ticket schools like Ransom Everglades School or Carrollton School of the Sacred Heart. Annual tuition at these schools can reach $36,790 for preschool, $41,080 for elementary, and $57,300 for high school.
Over the course of 13 years of schooling, some Coconut Grove parents might pay over half a million dollars in private school tuition alone.
The exclusive schools are among the factors attracting wealthy families to the area, Miami-based luxury real-estate agent Josh Stein told Business Insider.
“These families will do anything to make sure their kids go to the best schools,” Stein said. “And you can’t even get into these schools — I heard it’s almost impossible to get into some of these schools right now.
Carrollton School of the Sacred Heart and Ransom Everglades School did not immediately respond to a request for comment from Business Insider.
At the top schools in the neighborhood, admissions involve far more than just sending an application, with both requiring recommendations, interviews, school records, and test scores. Ransom Everglades also requires applicants to complete the Character Skills Snapshot.
For the schools, the influx of wealthy residents also means a growing student community. In March, The New York Times reported that applications to some schools in the area were significantly up.
“We’ve seen a record number of applicants,” Patrick Coyle, president of the Carrollton School of the Sacred Heart, told The New York Times. “I don’t know when this is going to stop because I thought it would level off at some point, and it hasn’t yet.”
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