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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As most people on this forum are keenly aware, Private school tuition has climbed from 24K in 2006 to 35K-40K a year in 2013 ( nearly doubled in the last 6 years) . Many upper middle class families  with incomes in 250K to 350K range feel priced out, particularly if they have 3 kids.

My question: are these schools using this money wisely ? Have the schools started to hit a tuition figure of diminishing return ( its so high they have to give more and more FA, to get the families they need/want) Why not just charge less, and give less FA ?

Is FA REALLY where this money is going in these "non-profits".

[b]Something smells. I sense a bubble about to burst and last time I felt that way was 2005, 2006.[/b][/quote]

If the last time you felt this way was 2006, and tuitions have now doubled with [b]applications going up,[/b] perhaps your analysis is off...[/quote]

I don't think applications are going up. I bet they are down over all, particularly for Pre-K through grade 3 . I'd also bet schools are stomaching a lot more wealthy,but wack job parents that they would have passed on before. Decisions like that make it hard on teachers and good teachers and quality Admin  who are not ass kissers start leaving. Sooner or later, purely catering to the uber rich who think and operate like they basically own you, is bad for education.

Its kind of like what happens when a bad element moves into a neighborhood. Pretty soon, everyone else leaves and THEN, you are stuck.
[/quote]

I wish it was true that applications for K-4 are down, but having just completed the process for a second time in 4 years, I can tell you that all indications are that they are up or in the same place they were 4 years ago.  There appears to be no shortage of people in this town that can afford the tuition.  We applied to Big 3-5 and were told throughout different stages of the process that there were literally hundreds of applications for class sizes ranging from app. 20-45 spots.

I also don't see a clear analogy to housing bubble since most people never owned and simply borrowed more than they coud adford.  This simply is not the case with private school tuition, where the majority are not receiving FA and are forced to pay outright when full tuition is due and not on borrowed money.  [/quote]

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