Reply to If your daycare or childcare provider closed due to coronavirus, are they still requiring you to pay

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We've been asked to pay 90% of tuition for April, which we'll do. Hoping that things will become more normal in May.[/quote]

Woah!!!

Seriously, glad you got it like that! Only 10% off? Why even bother?[/quote]

Sounds like that center is still paying their staff and their landlord, and the expenses that they are no longer having while closed (catering, etc) amount to about 10% of the total, so they are doing the right thing by passing those savings on to their clients. The words you are looking for are "thank you".
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That leaves the owner still making 100% of his normal profit.  Somehow it seems right for her to also be taking a big haircut.  And that assumes that no effort has been made to work out somewhat of a deal with the landlord, who has a strong incentive to not have a tenant leave in the current economic climate.

Why exactly should the parents, many of who may have precarious job positions, be the only ones to be sacrificing here?[/quote]

LOL that you think any daycare is ever making a profit. Seriously lolololol. Huge chains excepted, but seriously, your statement just shows how clueless you are. Just because the monthly bill for you is big doesn’t mean anyone’s getting rich. [/quote]

Of course daycares are making a profit.  How do you think they stay in business if they are not?  And many of the “huge chains” are franchises, meaning that the local owner has to pay an additional fee to corporate.  Even non-franchises have greater central overhead expenses, so I wouldn’t assume that corporate centers necessarily make more than a well run local center.

Even if owners are not “getting rich,” they are owners of profitable businesses that should be expected to share in the pain of the current crisis.  As should their landlords.

It’s crazy that you think the parents, most of whom are also “not rich,” should be the only ones sacrificing here.
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You’re just totally wrong. I’ve directed three well regarded NAEYC accredited centers, and whatever “profit” you think these places are making is non-existent. Sometimes there’s a good year—100% enrollment, all tuition paid on time, maybe a small grant or two—and we could put some in reserves. Others we ended in the red and used those reserves. Most usually we just had exactly as much coming in as going out. [/quote]

It sounds like your centers may have been non-profits.

Does/did your centers charge lower tuition than other comparable for-profit centers?  Were your expenses higher than expenses for other comparable centers?

If not, presumably you should have a similar amount of money left over at the end of the month as any other center.  What was done with that money?

When I searched for daycares, it seemed like both the for profit and non-profit centers all charged essentially the same tuition.  And they all seemed to provide the same services.  There was nothing that I could see that would have made me assume that the costs to run the non-profits would have been higher.  So I don't understand why the economics of the two would be significantly different.  Can you explain?  [/quote]

Let me explain to you. DS goes to a non-profit daycare. They pay their teachers much better than for-profit daycare. Period. Because of that, the teachers turnover is extremely low. The director told me on average their teachers have been there for 8 years. DS has been there for almost 3 years (hence he has been in three classrooms); all but one teachers who have taken care of him are still with the daycare.

I have friends whose children go to a nearby for-profit daycare that charges similar tuition. They told me teachers come and go every month. Kids get used to not bonding with their teachers at all.

The teachers at DS' daycare also have benefits like health insurance and vacation days (maybe 10 days, I don't remember), which I think they totally deserve. I don't know how much DS' daycare workers make, but I'm totally fine if they make twice as much as for-profit daycare workers. They are amazing and like family to my son. As long as DH and I are still getting paid, we will continue paying our daycare.[/quote]

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