Rich families are paying up to a year’s tuition at a time to do college tours by private jet – Finance

  • Luxury jet services fly with rich school children and their families throughout the US to travel through potential colleges, according to New York Times,
  • Services can cost up to 60,000 US dollars – almost three times as much the cost of studying at a state college in the state during a year.
  • Such an expensive tour in college could add more to the 1.7 million wealthy families who are already spending to get their children to an elite college.

College tours have reached a new level – literally and figuratively.

Luxury jet services fly the wealthy high school students and their families around the US on a field trip, complete with a college admission advisor, according to New York Times,

The cost of services is $ 60 000, reports The Times – it is almost three times as much the cost of studying at a state college in the state for a year, and not much more than the average annual price of stickers at $ 49,950 for private colleges in the US.

The private chartering company XOJet offers a package of $ 30,000 round-trip in major college cities such as: Atlanta, Boston and New York, but this can cost up to six digits if families visit more than one center. They cooperated with the luxury hotel chain Mandarin Oriental to provide one-room and consultation counselor of the college.

For $ 57,000, an opponent Magellan Jets offers 10 hours flight time and cabin settings, as well as reception experts for an additional fee, all the while getting families up to three colleges in one day. The company had an iteration of this service, offered with at least 2015, as reported by Forbes, but prices have risen.

College tours for people with "more money than free time"

Price points may seem steep, but for families that have the means to pay for it, the costs seem to be worth it.

Not only does this help them make the most of their time, according to The Times, it also provides potential students with materials and advice for their visit, as well as a personalized network. Some reactive services even help to move the pupil at the beginning of the semester, of course, for an additional fee.

"Traveling on private planes is expensive, but it can be the most effective way to travel in colleges," wrote reporter Paul Sullivan, referring to James Henderson, president of commercial operations at XOJet. "It's worth it, who has more money than free time, and there is no desire to pack in a family car on an endless path."

This tour of a high flying college could add more to what rich families are already conducting to get their children into an elite college – increased by 1.7 million dollars, according to the previous analysis City and country, And this cost starts before paying for college tuition; The analysis began with 4,500 dollars for a pre-school coach and $ 80,400 for a kindergarten and preschool at the Horace Mann School in New York.

According to the analyst, by the time the child approaches the college, families are adding 100,000 US dollars for training in college and $ 55,000 for the year with Winterline. Take $ 282,280 for four years at Yale – or any other comparable Ivy League – and $ 24,304 for studying abroad. And none of them consider the price of a tour in college as a luxury plane.

As Sullivan said: "For rich families, nothing is too expensive for their children to get into the best school."

Read the full story of The New York Times »

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