Financial Options for Parents of Troubled Teens
By Curtis Reed
Have you recently discovered the high costs of boarding schools for troubled teens, military schools for struggling boys and girls, therapeutic boarding schools, treatment centers for troubled teens, wilderness programs for troubled teens and other avenues of academic and emotional growth assistance for troubled boys and girls? For the average middle class family the fees can be staggering. Even people of means can have sticker price shock at the tuition of these programs for struggling teens. Due to the extensive costs of operating these specialty schools for troubled teens, with the appropriate licenses, credentialed staff as well as certified educational accreditations, it is extremely expensive to run such types of programs. Many struggling teens don’t know how to overcome the problems that they are faced with and many troubled teens need to be placed in the correct environment in order to restore themselves. Storm Ridge can educate parents of struggling teens, on how to place troubled boys and girls in the correct environment in order to receive the help they need to overcome their struggles. ZES also specializes in help for parents of troubled teens in finding financial options to afford such programs. For immediate assistance contact Storm Ridge Ranch at 866-858-7013, to speak with a child placing specialist to educate you on school program placement for struggling teens in the perfect facility that fits their needs.
The average cost of private therapeutic boarding schools and programs for troubled teens is about $4000.00 per month, usually all inclusive. There is usually a processing fee that is separate from the tuition that can range from $1500.00 - $2500.00. This fee usually includes insurances, administrative costs, and other various costs. Some programs will include the uniform in that fee. Other programs will have an additional fee for uniforms. When choosing a program for troubled boys and girls, be sure to ask specifically what is included and what extra fees can be expected. If a private program is less than $3000.00 per month, please be sure to do your research.
Many programs for troubled boys and girls offer a discount if your tuition is paid up front. This is an individual decision, depending on your financial circumstances as well as your family's needs. Financing these programs for your struggling teens can be available to you in a variety of ways. The Educational Loan is one that is typically used by many families. When you speak with a school or program, ask them for their approved lenders. If a troubled teen has a college fund, it may be a good time to use it. Although we expect our children to go to college, when the time comes and he/she is ready for that step, and you have exhausted your college fund, there are always grants and scholarships to a wide variety of colleges that you could apply for. Getting struggling teens the help they need to ensure teens make it to college is what you are concerned with at this time.
Does your teenager have an Individual Educational Plan (IEP) through your local school district? In some cases this may defer some of your tuition costs in respect to the academic component of a Boarding School or Program. If you have an IEP in place for your teen, it is important to ask the school or program you are considering if they work with IEP's and discuss the reimbursement process. Another popular alternative to financing a program is a Home Equity Credit Line. This can be beneficial to you in a few ways. Not only is a convenient way to access money that is needed, it can also be a tax deduction in regards to the interest payments. Please keep in mind, in some cases the program you are sending your child to can also be a tax deduction in regards to medical expenses. Usually the therapeutic and medical portion of the tuition can be deducted. Check with your Tax Preparer or Accountant for more information.
Credit Cards, although they usually have a high interest rate, may be able to provide you with the initial monies to enroll your troubled teen until you are able to access an Educational Loan, Credit Line, or other means of payment. Many parents of struggling teens will use a Credit Card that accumulates Airline Miles or other beneficial services, and then pay the credit card off within the 28-30 days with their credit line or other financial means. This prevents you from being charged the finance charges. It can be a way to earn airline travel that can help when it comes time to visit your struggling boy or struggling girl if they are out of state.
Contact your Medical Insurance Provider to see if they cover residential placement. Some will cover the first 30 days or possibly the therapeutic portion the troubled boys and girls stay which is usually one third of the tuition. PPO's are typically more likely to cover some costs, however it never hurts to check with your insurance company. In searching for programs for troubled teens, you may want to ask the program if they accept your insurance or have experience with how much you could expect from your specific insurance company. Many families will borrow from relatives or in some cases; employers have been known to contribute to the family. In some cases this could also be a tax deduction for a relative or employer. Don't be afraid to ask the program if they have scholarships, some do have limited financial aid, so it is important to ask.
Many parents of struggling teens aren’t aware the correct way to restore teens and need a professional to educate them. For parents of struggling girls and boys that need immediate assistance dealing with troubled teens, Zion Educational Services specializes in educating parents about different youth programs for troubled teens such as different types of private boarding schools for troubled teens, boot camps for troubled teens, schools for troubled teens, therapy programs for troubled teens and many other youth facilities for struggling boys and girls. ZES provides help for parents of troubled teens with the information to place your troubled boys and girls in the perfect treatment center that can meet their needs. If you have any questions or concerns contact ZES, (Zion Educational Services) immediately to talk to a child education specialist at 866-439-8112.