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Reply to "Sidwell tuition increase"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Enough with the gouging complaints and complaining in general. I know people assume that private schools set tuition based on how high a number they think they can get away with and budget accordingly and that a ton of money is spent on administration. Neither is the case. I am not a Sidwell parent, but based on my experience at other privates, I would guess that Sidwell has some very talented and devoted parents sitting on the finance committee of the board taking a bottom up approach to keeping increases as low as possible. The reality of private schools in our area is this - barring a transformational gift to a school's endowment (think $100 million or so) you should expect tuition increases every year of 4-6%. So whatever the tuition is at the school where your kid is and the grade he or she starts, take that number and project out at that %. If you can live with that number great, enjoy the school and all its benefits and don't get upset every year when that letter comes, because it will come. If that number seems too high, and there is good reason why it might, then look at a less expensive private (we are fortunate enough to have these in this area) or go to public (again there are lots of good ones.) This is the reality of private school education so either you buy into it (no pun intended) or be prepared to look elsewhere. And if your child chooses a private college, strap in for another 4 years of this.[/quote] Do you know how much the top admins make at St. Albans, sudwell, market, etc. I don’t know exactly but you should assume they are very high six figures. Anybody with specific numbers, please respond.[/quote] Those salaries should be listed on their 990s (tax forms) which are public. Look them up in guidestar or the like. [/quote]
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