The Village Scholarship
AFFORDING PRIVATE SCHOOL
Recognizing the potential in each child and understanding the economic challenges many families face, PSV is proud to unveil the "The Village Scholarship" (TVS). This scholarship has been designed with our ethos at heart, emphasizing our commitment to Black and brown families thriving in private school.
For Black and brown communities, private school is often not considered for a myriad of reasons, but the cost is an understandable barrier. On average, private elementary school tuition in California is $15,309 per year (2022-23), and the median annual tuition at California Independent schools, K-12, is $35,000.
But tuition is not the only cost -- there are additional fees associated with class trips, uniforms, school athletics and technology. As a result, the overall bill can be much higher than anticipated, even for those families who can afford private school. These extra expenses can raise the total average nationwide cost by at least 30%, according
to EducationData.org. To address affordability, most private schools offer various forms of financial aid but
more and more California private schools, 60% of which are private elementary or elementary-middle schools, feel as if they don’t have enough financial aid to meet the demand, leaving wonderful families without support.
TVS was launched to help close this gap. TVS will be a critical tool for supporting and resourcing Black and brown
families, and improving representation in California private schools. And TVS will do this while the PSV community at large fully wraps its arms around all community members to provide first-of-its-kind support to ensure students fully thrive.
A NEW SOLUTION: THE VILLAGE SCHOLARSHIP
The Village Scholarship (TVS) is a highly selective, renewable scholarship for exceptional Black and Latino/Hispanic elementary school students from low-income households. It is unique in many ways:
TVS is a first-of-its-kind scholarship, where funds are provided by and awarded to the Black and brown private school community,
TVS’s model will support a “portable” private school scholarship approach. While private school financial aid typically comes directly from a school, TVS comes from an outside organization, which provides families with additional flexibility and security should a student need to change schools.
TVS will begin its pilot year in January 2024. To ensure intentionality, objectivity, and transparency in evaluating candidates and developing the process, PSV has retained a third-party agency to oversee TVS which includes managing an advisory group to select candidates. TVS will currently serve students in California, with tremendous potential to be replicated nationally, in other key private school markets. Applications will open in January 2024.
TVS provides support to Scholars by engaging with them and their institutions in a variety of ways to ensure they have access to the resources and services they need, from their first to last day of classes on through the transition to middle school and beyond.