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Reply to "Payment schedule/plan for private school"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Most people at the two private schools I’ve been to do monthly payments,[/b] even the ones who are wealthy. We used to pay by the semester until COVID but since then we do monthly and have tuition insurance. This allows me to bail if we need to without the school already having my money in advance. I will not ever pay tuition for long term virtual learning. I learned the hard way. [/quote] How do you know? I don’t even know the payment plan of even one other family at DC’s schools. At most, I could see having that discussion with one or two families we are particularly close to, but in our case, finances are never a topic of discussion. How can you speak for most families at multiple schools?[/quote] I was on the Board at both schools and this was discussed by our Chair of Finance. They didn’t give names - just percentages, which hovered around 85sh percent at both schools. [/quote] Interesting! I’d have assumed 2 installments was most popular. Did either school have incentives or penalties for any payment plans?[/quote]
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