Report: Elite NYC private schools may provide financial aid to parents with incomes up to $800,000.

Despite their high income, wealthy parents of children attending an elite private school in New York City may still be eligible for financial aid, according to a recent study.

If two children are enrolled, households earning up to $600,000 may be eligible for financial support, according to a Léman Manhattan Preparatory School chart in The New York Times.

Families earning up to $800,000 annually may be eligible for assistance if they have three children enrolled in school.

The Financial District of Manhattan hosts Léman, a school that educates K-12 students from over 70 countries. The annual tuition for most grade levels is approximately $67,300.

Paige Murphy, a Léman spokeswoman, stated to The Times that a common misconception about financial aid at independent schools is that it is exclusively for families who require the largest amounts of aid.

The Times' tuition chart provides "transparency" to parents about the financial aid process, an aspect of education that Murphy noted has been "long shrouded in mystery."

In New York City, private schools with high enrollment fees, including Léman, are part of a growing trend.

The Dalton School, a private preparatory school on the Upper East Side, announced that families with a combined income of $40,000 and a "low to moderate level of personal assets" may be eligible to receive a 50% reduction in tuition, which amounts to $64,300 per year for two children enrolled.

Xiomara Hall, the associate head of the Chapin all-girls school, stated to The Times that the high number of students reflects the high cost of living in New York City.

In New York City, even though living expenses and goods are expensive, wealthy parents are still willing to pay for an education that offers small class sizes, professional connections, and the opportunity to attend some of the country's top universities.

"According to Dana Haddad, a former admissions director, when these kids graduate from college, they will seek employment from their friends' parents. "You can't put a price on that," she said to The Times."

The Dalton School and Léman Manhattan Preparatory School did not respond to Planet Chronicle Digital's inquiries.