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Private & Independent Schools
Reply to "Is private school the next bubble?"
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[quote=Anonymous]The only reason why there has not been a bubble in this town is that DC is filled with enough 1% to pay the ever increasing private school tuitions. So, the schools end up with mostly kids from the top 1-3%, say, with a few token low income kids to make everybody feel good about themselves. What if tuition went down, then the broad middle would suddenly being able to afford these schools. The idea that the broad middle includes up to the top 5% is absurd on its face. And, if that broad middle were able to pay full freight at these schools, many of the kids from the top 1-3% would not be admitted. Unlike universities, which have similar issues, private schools will never have enough FA to subsidize the "broad middle."[/quote]
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