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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. [b]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.[/b] These tuition costs are incredibly high, and it's a legitimate conversation to discuss whether they're justified.[b] However, PP has continuously exaggerated and falsified the rate of increase, which prevents any meaningful conversation from occurring.[/b] I hope this data can help advance the conversation. Sam2[/quote] NP. Sidwell's tuition has tripled from 1992 to 2012 using numbers from your own post. Don't let your sense of the urgent crowd out the important. The important message the OP is trying to convey to Independent Schools is the growing ground swell of consumers desire for schools to be more transparent about the projected long-term cost of a child's education before we decide to invest our families in your school. You're welcome.[/quote]
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