Reply to Sidwell - 2023-24 tuition for PK-2 will be $50k

Forum Index » Private & Independent Schools

Reply to "Sidwell - 2023-24 tuition for PK-2 will be $50k"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Let’s see if I have this right. (A little “back of the envelope” calculation”

A hypothetical class of 20 second graders would include:

14 full pay at $50,000 = $700,000

4 at $25000 (50% FA) = $100000

2 at $0 (100% FA) = $0

That’s $800, 000 of Revenue.

Variable expense might include two teachers at $80,000 or $160,000 total.

That leaves $640,000 for Overhead absorption.

A Hell of a business model, if you ask me.

And people are lined up to pay the $50,000!
[/quote]

This is VERY over-simplified.

That $640,000 also includes:

- Lunch every day of the school year for the 20 students, plus the two teachers
- Salary for specials teachers, librarians, health office, security officers, other staff who support the kids and teachers
- Benefits for the teachers and above
- Field trips, class events and excursions, transportation
- Building and grounds upkeep and maintenance
- Class tech and other supplies[/quote]

Of course it’s oversimplified.

Lunches? How about 22 kids and teachers x 180 days at $10 ahead. That’s $40k
Benefits? Let’s throw in another $40k.

That leaves $460, 000 for a small share of all the support people, field trips, the buildings and class tech ($26,000 per student?)

Public schools have all theses costs, huge staffs, fleets of school buses, etc. and they spend less than $20,000 per student.

My guess is that the tuition isn’t based on what it costs the school, but rather on what the market will bear.
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics