Wealthy New Yorkers are dropping $375 an hour on prep courses to get their kids into $50,000 kindergartens, and it's the start of a multimillion-dollar, elite college spending spree

For rich New Yorkers, competition to get kids into the 'Baby Ivies' — private kindergartens that cost up to $50,000 — is as high as the Ivy Leagues.

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It's the start of the exorbitant amount rich parents pay to get their kids into elite colleges — a reported $1.7 million, according to aSome wealthy parents are sparing no expense when it comes to their children's education — even if those kids are only starting kindergarten. Manhattan K-12 schools Horace Mann, Collegiate, and Trinity all have yearly tuition that exceeds $50,000. That's more than the yearly tuitions at Cornell, Harvard, and Princeton, which cost less than $50,000 without room and board, reported Woolley and Kazakina.Parents have to apply, prep, test, and interview with the Baby Ivies as part of a competitive admissions process.

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