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Private & Independent Schools
Reply to "When will Private Schools' bubble burst ?"
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[quote=Anonymous][quote=Anonymous]OK, I got bored enough to actually research some of the tuition claims being made here. I focused on Sidwell because it's the most high profile school, and so easiest to find information for. Here's what I found ... [quote=Anonymous]... this year every school hiked tuition 4-6 % again, just like they did the year before and the year before , and the year before. ...[/quote] False. Here are actual Sidwell tuition figures for 2008-2014, with the % increase over each prior year. 2008-09 $29,442 2009-10 $30,842 4.76% 2010-11 $32,069 3.98% 2011-12 $32,960 2.78% 2012-13 $34,268 3.97% 2013-14 $35,228 2.80% I guess PP was correct 1 out 5 times. A more accurate -- but less exciting -- statement would be "Sidwell hiked tuition 2-4% for the last four years!" But PP seems to have doubled the rate of tuition increase. [quote=Anonymous]... these figures are based on LAST YEARS Tuition, and next year it will be $2,000- $3,000 more at every school. ...[/quote] False. As revealed by the data above, Sidwell's tuition is increasing by $960 next year, not $2,000-3,000. PP seems to have tripled the rate of tuition increase. [quote=Anonymous]seriously, why has tuition quintupled in last 20 years and doubled in the last 6 years? ...[/quote] False and false. Over the last 6 years, Sidwell's tuition did not double. It increased $5,786, a 19.7% increase. Here, PP quintupled the rate of increase (19.7% versus 100%). Over the past 20 years, Sidwell's tuition did not quintuple. Sidwell tuition for 1992-93 was $10,885. Compared to the 2012-13 tuition (20 years later), that's a little more than double, and certainly not quintuple. These tuition costs are incredibly high, and it's a legitimate conversation to discuss whether they're justified. However, PP has continuously exaggerated and falsified the rate of increase, which prevents any meaningful conversation from occurring. I hope this data can help advance the conversation. Sam2[/quote] Excellent post. Thanks for taking the time to dig up and post the actual facts.[/quote]
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