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Reply to "How do people afford tuition that will only continue to go up?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Boards base the hikes on investment returns.[/b] It’s assumed that you are paying tuition out of investment returns which last year were high (over 10-20%). If you are paying out of income, tuition isn’t set for you. That’s been my experience anyway and when I started seeing it that way, the whole thing lost value to me, but that’s how the decisions are made and that’s nothing new.[/quote] This is completely false, in my experience. I’m on the board of a private school that you have heard of if you live in the DC area. The biggest expense, by far, for independent schools is teacher salaries. These schools must have high quality teachers. This drives everything and there is a growing teacher shortage so therefore an upward pressure on salaries.[/quote] Trustee and this PP sounds like they were sitting in on our last Board meeting. 100% agree.[/quote]
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