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Private & Independent Schools
Reply to "When will Private Schools' bubble burst ?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] the 990's posted are 5 years old. They don't inform anyone of what is going on today. Tuition has nearly doubled since the period those old 990's reflect. [/quote] Someone keeps posting this. Which of these schools charged only $16,000 five years ago? [/quote] In 2006-2007 the St. Albans tuition was $26,000. http://www.washingtonpost.com/wp-dyn/content/article/2006/04/02/AR2006040201369.html This upcoming year, 7 years later, it will be $37,000, for an increase of $11,000 over a seven-year period. Tuition in 2008 at Sidwell Friends was $29,400 for the Upper School. This year it was $34,400, for an increase of $5000 over four years. Under Ad Hominem Hover McRant's argument, tuition at St. Albans should be over $52,000 next year, and tuition at Sidwell something like $50,000. I don't know why he/she does not use the revolutionary tool called "Google" before making statements so clearly provably false. It undercuts her/his main point (which many agree with), which is that the rates of increase, if not as Brobdingnagian as she/he claims, are not sustainable in the long haul.[/quote] Good analysis, thanks for taking the time to include the links. I do think that schools are somewhat overstaffed, but can see why this happens when, say, having an in school psychologist becomes the norm, or there's pressure to add a new foreign language like Chinese. Both are good things in terms of the life of the school and resources for students, but all of these good things taken together drive up costs. And schools are one of the few areas in which technology has sharply driven up costs, not lowered them through increased efficiencies. Our school has a lot of great technology and many people on staff to manage everything from the LAN network to debugging all the faculty laptops of spyware/viruses to wrangling the latest and greatest classroom technology. Class sizes are still small, though (which of course is one of the main draws for private school) -- it's not like giving the teachers computers means they teach 200 kids each instead of 60.[/quote]
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