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Reply to "Affordable private school - other than religious schools"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Some of the non-religious privates like the k-8are pricing themselves out of the market. Losing students to public schools because tuition is simply unsustainable. It’s now about $70k a year for two kids in lower school with the end nowhere in sight. [/quote] That's the frustrating part. Even $30-40K for one child. We'd love to go private and can do $15K comfortably for one child but there are not any schools that offer it. Some religious schools are more flexible than others but most aren't when it comes down to it.[/quote] They can’t do it with cost of real estate and salaries in this region. Only feasible for religious institutions that subsidize the operating cost to some degree. [/quote] Many k-8 schools have been at their locations for decades and thus shouldn’t have burdensome real estate costs. They can function on $30k yr per student. They had better because they will lose students if they go much higher. And then what? No funding for financial aid. No funding at all is more like it. They are already seeing people flee to cheaper options. Charging more won’t bring in more students. [/quote] PP- they aren't "losing students" by any stretch. There are loads of people who can pay. Just not you. You can thank the cost of living and the cost of health care for these prices. Schools are service providers-- and ALL service providers costs have gone up while the cost of goods has come down over time. Pay a lawyer or a doctor recently? Same deal. [/quote] Yes, they are. Getting fewer applicants overall.Yes, still filling entry years but having a harder time filling spots from attrition. When Sidwell and GDS consolidate their campuses, it will put increased pressure on the k-8s. People already are turning to parochial schools (increase in demand across the board) or gunning for k-12s (for the security of a strong high school). K-8s keep increasing costs but in the process are pricing themselves out of competitiveness. Let's assume an average of $35k a year for two kids (and this is conservative because this doesn't assume any tuition increases over the years), that amounts to $560k to put two kids through. And that's with no guarantee of getting into a first choice school in 9th grade. So, yes, the k-8s do need to look at their models, especially when you consider that putting two kids through high school will cost at least another $320k at today's prices. [/quote] Why do you think campus consolidation is such a big deal? Were split campuses really driving people to use K-8s instead?[/quote] Yes, I think so. Idea was that you could always circle back/enter later if you went to a decent k-8. The moves could also hurt Beauvoir, quite frankly. Lots of Georgetown families head there, but more might consider Sidwell if it becomes more convenient. [/quote]
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