Getting your child tutoring help can be a big commitment for parents. Before you sign on the dotted line, it’s important to know the benefits that your child can reap from this experience along with the financial implications of this investment in your child’s future.
Here are answers to four of the top financial questions we receive at Sylvan from parents like you:
What does tutoring cost?
Here at Sylvan, there are a number of different factors that affect the cost of tutoring, including program length, tutoring subjects, hourly instruction cost and the payment schedule that best fits you family’s needs. We’ll start your child off with our innovative assessment test and use these insights to build a customized plan based on your family’s academic and financial needs. To get the most specific information about pricing, contact your local Sylvan Learning center.
Are there payment plans available for tutoring?
You have many different options for tutoring, but we know that raising a family is expensive and kids’ activities add up. To ensure that your child can get the personal learning he or she needs, Sylvan offers convenient payment plans to cover the cost of tutoring, including flexible monthly options and financing. Depending on your location, options may include:
– No interest payment plans (if you pay loan balances in full within designated time frames)
– Deferred interest rates
– Monthly payment plans with low, fixed interest rates
– Customized payment plans for various time frames to suit every budget
Are tutors tax-deductible?
Unfortunately, for federal income tax purposes, regular tutoring is considered a personal service and is not tax-deductible. For students with a documented learning disability, there have been special cases where payments for tutoring can be deductible as a medical expense if the tutoring is recommended by a doctor and provided by a teacher who is specially trained and qualified to work with children with learning disabilities caused by mental or physical impairments. If your child falls into this category, we recommend speaking with your tax accountant to make sure your family is eligible before beginning tutoring.
What is the return on investment (ROI) of tutoring?
Tutoring is an investment of time and finances and as with any investment, you’ll want to see a return. We often hear from parents and students alike that tutoring has increased confidence and helped to ignite a lifestyle of learning in kids. However, we’ve also seen quantifiable results: third-party research conducted by Rockman et al has proven that Sylvan students significantly improved their math and reading scores, up to two to three times more than non-Sylvan students.