Pricey Pre-Schools Cost As Much As College

Sept. 26, 2007 <br/> Special to ABCNEWS.com &#151; -- If you're like many new parents, nothing's too good for your little genius, including $30,440 for preschool so your 4-year-old can occupy a few hours each day playing with blocks and finger painting in an organized setting.

Think that's a typo? Think again. That is the price of admission to the preschool program at New York's Ethical Culture Fieldston School. Other private schools in aren't much better. Bank Street, also in New York, will set you back $27,450; pre-K at Washington's Sidwell Friends runs $26,790. Compared to that, The Center for Early Education in Los Angeles, with its $15,400 tuition, seems like a bargain.

Click here to see the most expensive preschools from Forbes.com

Forbes.com hunted down the most expensive preschools in the biggest urban areas across the country using local school guidebooks, Web sites and experts to compare tuitions and programs. There is no central database that tracks tuition trends, not even locally, says Deborah Ashe, director of admissions in the lower school at New York's Trevor Day School, where preschool tuition is $24,200. And there are a lot of variables. Some schools that are preschool-only programs have comparably lower tuitions than preschools affiliated with elementary schools, and some schools get funding from the government.

Tuitions have been rising at an 8% clip across the board, according to some experts. That's more than the annual tuition increase at Ivy League colleges. But there is something to be said for the hefty premiums, according to Victoria Goldman, author of preschool guidebooks for New York and Los Angeles and mom of two New York private school kids. "You get what you pay for," she says.

Mostly what she means is facilities. The elite Episcopal School on Manhattan's Upper East Side, for example, which costs $14,500 a year, is housed in an elegant seven-story townhouse. Seven years ago, Boston's nearly 100-year-old Tenacre School (pre-K tuition is $16,000-plus) built a new gymnasium, library and multimedia center.