Assessments and testing mark the beginning of the journey for many parents of GT kids. It’s important to understand the difference between the two and which is necessary for their child. Testing is generally regarded to determine intellectual ability and many schools (but, not all) do school-wide testing in 2nd or 3rd grade. These results are usually used to decide entrance to GT programs. Assessments are far more wide-ranging and are usually done privately at the parents’ expense. They are rarely covered by insurance and may include travel expenses as well as professional fees.
Parents of GT students experience many extraordinary financial costs beginning with assessments followed by expenses for enrichment such as special classes, academic camps, or summer programs. Extraordinarily talented students may require tutors, mentors, and coaches which can be expensive. Families who choose private schools have tuition and travel costs or homeschool have curriculum, books, and tech costs as well as loss of income of the parent providing instruction.
One of the first unexpected costs associated with higher education is the availability of financial aid or lack thereof; it’s not automatic and there are lots of smart kids competing for aid (hint: check the school’s endowment funds). The cost of college visits – finding the right ‘fit’ – can strain a family’s budget. Virtual visits and online research beforehand may help. For accelerated students or Early College entrants, there may be fewer merit scholarships (if college transfers) and fewer work-study opportunities due to the student’s age.
One of the hidden costs of raising gifted kids is the extraordinary amount of time required to engage inquisitive minds and precocious interests. Parents of gifted kids often spend extensive amounts of time learning about and advocating for an appropriate education for their child – meetings with school personnel, forming parent groups, and locating resources. Time required for travel to extracurricular activities or alternative education options, time away from work for parents, and time to attend conferences can be overwhelming.
The social-emotional costs of raising a gifted child can also affect family budgets. Mental health care and counseling can become a real financial burden. Social costs come into play when parents seek to provide and nurture friendships for their child who may be experiencing asynchronous development. A less often discussed cost for GT students is the emotional costs of bullying by other students and unfortunately by some adults. This can lead to lifelong issues for many.
A transcript of this chat can be found at Wakelet.
Global #gtchat Powered by the Texas Association for the Gifted and Talented is a weekly chat on Twitter. Join us Thursdays at 8E/7C/6M/5P in the U.S. and Fridays at 1AM GMT to discuss current topics in the gifted community and meet experts in the field. Transcripts of our weekly chats can be found at Wakelet. Our Facebook Page provides information on the chat and news and information regarding the gifted community.
About the author: Lisa Conrad is the Moderator of Global #gtchat Powered by TAGT and Social Media Manager of the Global #gtchat Community. She is a longtime advocate for gifted children and also blogs at Gifted Parenting Support. Lisa can be contacted at: gtchatmod@gmail.com
Resources:
An Accelerated Journey | Gifted Parenting Support
A Nation Empowered: Evidence Trumps the Excuses Holding Back America’s Brightest Students
Mary Baldwin University Early College
Mary Baldwin University Program for the Exceptionally Gifted (PEG)
The Gifted Parenting Journey: A Guide to Self-Discovery and Support for Families of Gifted Children | Dr. Gail Post
A Parent’s Perspective on the Young Scholars Program and Raising a Gifted Student | Davidson Gifted
What Most Parents of Gifted Children Wish They had Known about College Planning | Davidson Gifted
The Financial Impact of Homeschooling Your Child
Raising Gifted Kids? Some Strategies You Should Know
Raising a Profoundly Gifted Child What is it really like to parent a profoundly gifted child?
It Pays to Have a Smart Child, but It Can Cost, Too | New York Times
The Hidden Costs of Having a Gifted Child | Smithsonian Magazine
Why You Don’t Want Your Child to Be a Genius | BBC Worklife
High Costs of Raising Gifted Children
CTY Online Programs Course Tuition and Fees–Academic Year 2022-2023
CTY Summer On Campus Tuition 2023
Belin-Blank Center Assessment and Counseling Clinic (pdf)
Toddler IQ tests: Should you have your child tested?
How Much Does an IQ Test Cost? Understanding the Price Tag of Intelligence
Gifted Development Center: Assessment
New is Good: Novelty is Essential to Keeping Bright Learners Engaged this Summer
Disclaimer: All links in this post are for informational purposes only and are not intended as a recommendation.
Graphic courtesy of Lisa Conrad