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Reply to "How much does the economy affect private school admissions?"
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[quote=Anonymous]The health of the economy has a huge impact on private schools. The way an admissions director described it for me in broad terms is that 20% of parents can easily afford the tuition, 60% can afford it but only after making some sacrifices, and 20% can't afford the sticker price and therefore need financial aid to make up the difference. And then there are other related factors, the fertility rate being one and lingering effects of COVID being another. The DMV is nowhere near the replacement rate, i.e. fewer children are being born, a fact compounded in 2021 when 500,000 fewer babies were born in the US than each of the years immediately prior. These are all contributing factors in why a few area privates have closed (e,g. Feynman) or have come close to closing (e.g. SSFS).[/quote]
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