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Reply to "How much does the economy affect private school admissions?"
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[quote=Anonymous]I think once kids are enrolled in a school it becomes a fairly inelastic good, ie families will try to find a way to pay the tuition. My spouse’s coworker’s contract was not renewed and they still kept their 3 kids in a Big3 private. Families don’t want to uproot their kids just because theyre having a short employment disruption. I think it would most affect enrollment, especially smaller schools with rolling admission who often take disaffected public school families (ie a family who is not happy with how things are going at their local public, so they’re willing to try a private they can easily get into next fall). I think there’s always plenty of rich families with fully funded 529s to fill the waitlists of the Big3. [/quote]
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