Is your school's tuition going up next year?

[Anonymous]

Just curious. If there is an increase, is it more than the rate of inflation?

[Anonymous]

Probably. What is inflation these days?

[Anonymous]

Yes. We just got an e-mail today. It's going up 4.5%, which is fine with me. After all the doom and gloom about how all these schools were going to go under, I was worried about a 10% increase!

[Anonymous]

Wow, consumer prices went up by just 0.1% last year!

[Anonymous]

Anonymous wrote:Yes. We just got an e-mail today. It's going up 4.5%, which is fine with me. After all the doom and gloom about how all these schools were going to go under, I was worried about a 10% increase!

But that was the result of a 3-year commitment to limit increases. I'm bracing for a big jump next year.

[Anonymous]

Does the financial award increase as well when the tuition goes up?

[Anonymous]

FWIW,

If you want to know what economists consider the general inflation rate to be, it's a simple figure. Just look at the % rate on a comparable treasury bill/note.

[Anonymous]

There was a salary freeze in MC, why aren't the private schools doing the same?

[Anonymous]

some may, but is that a great answer when private school teachers often make much less then MC or APS teachers? it might be symbolic, but do you want to penalize a teacher making a low salary?

[Anonymous]

No, but a lot of people face lower incomes and job loss this year. Very few will make more money.

[Anonymous]

Anonymous wrote:some may, but is that a great answer when private school teachers often make much less then MC or APS teachers? it might be symbolic, but do you want to penalize a teacher making a low salary?

agreed - Teachers (whether public or private) should be the last ones penalized in this economy.

[Anonymous]

I think 3-6% is fairly common. Ours will probably go up about 5% the next few years.

I also agree that teachers should not be the last ones penalized for the economy. I feel like I am always getting more than I pay for with all the hard work that these folks do for our kids. Having been a teacher, I can tell you it was the lowest paying and hardest full time job I ever had. Even after a week of 16 hour days preparing for a trial as a lawyer, I was not as drained as I was when I taught.

[Anonymous]

Anonymous wrote:

Anonymous wrote:some may, but is that a great answer when private school teachers often make much less then MC or APS teachers? it might be symbolic, but do you want to penalize a teacher making a low salary?

agreed - Teachers (whether public or private) should be the last ones penalized in this economy.

There are TONS of people who make much less than teachers...and they work hard too!

[Anonymous]

Anonymous wrote:I think 3-6% is fairly common. Ours will probably go up about 5% the next few years.

.

3-6% can't keep being common. No industry can increase its costs faster than the rate of inflation forever. At some point, they have to slow down, even lower than inflation. At 3-6%, they will cost $50K very soon, and that is just silly. The same can be said about college and home prices. I saw people scrambling to buy prepaid tuition (which does have its advantages) and homes before they were "completely out of reach". Well, it never happens that way. These schools need to get a grip. BTW, I taught too, and now, my job is a lot tougher with more responsibility. I do not minimize what these schools do, but everyone is hurting. At some point, they have to see how that drops enrollment. I will probably not send child #3 to private school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes. We just got an e-mail today. It's going up 4.5%, which is fine with me. After all the doom and gloom about how all these schools were going to go under, I was worried about a 10% increase!

But that was the result of a 3-year commitment to limit increases. I'm bracing for a big jump next year.

My understanding is that the commitment actually expired LAST year, and they extended it to this year. Not sure there will be a big jump nex year. I think it will depend what they think the market will bear. My understanding is that college tuition tends to go up abou 10% a year, so I was expecting the same. 4.5% is actually a relief.