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Reply to "Sidwell tuition increase"
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[quote=Anonymous][quote=Anonymous]Dispelling several myths perpetrated on this forum: 1. Sidwell's tuition is the same as the other independent schools referenced in this thread. In many of the previous years, its increases have been below other privates. Before rushing to judgment on gouging, let's see what that others do under the circumstances. 2. Tuition increases have nothing to do with GDP or the stock market. They have everything to do with cost. The starting point for increase in cost is CPI. Many costs of operating a school have increased at significantly faster than CPI in the recent past, with benefits like healthcare being the prime example. 3. Until such time as parents / schools are willing to break from the orthodoxy of low student:teacher ratio, the cost of providing a private school education is necessarily going to increase at a faster rate than broader inflation indexes. This is because inflation indexes have a built-in productivity deflator (or as much as 1%) that keeps costs from rising as fast as they otherwise would. 4. Administrative salary increases have lagged increases in teacher pay, despite what is represented on this board. 5. The majority of FA dollars go to families making more than $100k, with a significant portion going to families with incomes above $200k. 6. The majority of FA dollars go to residents of the suburban counties and not the district itself. 7. The comments made on this particular board are exactly the same as the ones made in each of the previous 15 years. Nothing new here. Oddly, with each person who throws up his or her hands, broadcasting that they have given up and made a different choice, there seems to be another family stepping in. [/quote] The old tropes passed out. Please -- look at the instance facilities build out. This is a cost bubble par excellence, and it's not driven by healthcare premiums -- why don't you play around with some numbers and dispel your own myth.[/quote]
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