Reply to What Schools are Considered 2T?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is amazing to me how much money private schools waste on various special interests. My kids play sports and I love sports but the amount wasted on them by private schools is ridiculous. They commit to having a team but might have very few kids sign up but still have to pay for it (coach, transportation, sometimes facilities).

Similarly, there is lots of administrative bureaucracy that really is not necessary. But it makes some kids and families feel special. So they can't cut it.

Schools could also cut back on financial aid and it likely would not be really noticed. There is much less disclosed about this than for colleges. Easy way to save some money.

Some schools are also in much better shape facilities-wise than others.[/quote]

my guess is $10k per student could easily be cut from the budget at most of these schools.[/quote]

Sure, but unless they all did it, many of their potential customers - including the ones in a position to make very large donations - would not care about the cost savings but would wonder why this school was cheaper and whether that also meant it was worse in some way, and might even notice that your school didn't offer a JV kickboxing team while that other fancy school that still charges $70k does. Not to mention that cutting the budget by 1/7th would inevitably mean pissing off some existing constituencies at the school who would loudly complain to the press / leave for other schools / etc.

There might be an opportunity for a new school to come in and charge $40k, but of course then you're a new school with no reputation or alumni and all brand new staff and only whatever capital your initial wealthy backers put up. (the only recent new nonprofit school I can think of is Speyer, and they're a K-8 with 2 sections per grade and very very limited facilities and they still charge the same as everybody else)[/quote]

Just an FYI--Dwight has seen this gap and started a new school--Franklin--in Jersey City. Had some impressive college exmissions for their first fully-grown graduating seniors this year, and its under 35K. We strongly considered it. If you live near the PATH, it's the first stop in Jersey City. Would have taken my child 20 minutes to get there from the West Village, door to door. It's very STEM focused, and my child wanted a more well rounded experience, but I think it's going to be a hard school to get into soon. Dynamic head of school, with all of the resources of the Dwight network of schools, for half the price.[/quote]

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