Manatee High School in Bradenton also charges students a $20 fee to participate in the event.
"It's being discriminatory," parent Mark Domer told Fox News. "Economically, socially, socio-economically, it's just not fair."
The school said the premium seat fee is needed because the cost of holding the event escalates each year and the budget doesn't have enough extra money to fund it.
"$200 is a lot of money for a preferred seating," parent Mayu Fielding told ABC News. "Is my child more important than yours?"
Despite the high prices, all ten rows of premium seating for the May 31 graduation have already sold out.
"I think that's ridiculous. It should be free," said local resident Jennifer Brantley."I think it's because they're trying to make back the money supposedly that was lost somewhere and they can't find it. I'm skeptical."
Swim Week Miami Beach 2014 [PHOTOS]