Reply to Anyone maxed out on all the over the top auction items?

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[quote=Anonymous][quote=Anonymous][quote]but my paying full tuition does not cover the full cost of my DS's attending the school. It costs the school something around $8000 to $9000 over the charged tuition fee for each student each year. [/quote]

That is what they tell you (and me too) but I am skeptical because the terms aren't defined -- even in the annual report.  For example, some of that __ thousands of dollars is paying down debt on a luxe arts/sports facility that is 1. over the top and on par with a swank college and 2. not actually necessary if everyone's is being honest.   And that's just one example.    I feel jerked around by the purposefully vague language schools use when they attempt to guilt-trip parents that our tuition "doesn't cover" the cost.

There are some intelligent thoughts on this very topic ["closing the gap"] imbedded in other threads, with some insight from Big 7 board members.   [/quote]

It is true that tuition does not cover all costs, but the "gap" is closed in many ways ... not just via annual giving and auction proceeds.  For example, schools with summer camps make a profit and the excess goes to fill the gap.  Extended day also created excess revenues that go to fill the gap.  Some transportation offerings provide excess revenues, although the increase in liability insurance costs has reduced that quite a bit.  The schools never tell parents about these other sources of revenue when discussing "gaps" because that information might reduce giving.  I don't begrudge them my donations but I would much prefer a more honest, upfront discussion.[/quote]

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