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Private & Independent Schools
Reply to "Feynman School Closing"
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[quote=Anonymous][quote=Anonymous]Naive question: if parents are paying tuition, why would the school run into so much financial trouble? Isn’t the math just adding up the costs of the things you’ll need for the year (salaries, rent, equipment, etc.) plus some cushion?[/quote] I spoke with a friend who works at a private college recently. I presume that they have similar structures to private elementary and high schools. She told me that schools rely heavily on financing and that recently it has been much harder to secure financing for private schools from lenders. I don't know why but I assume it has something to do with the fact that a lot of schools are closing these days.[/quote]
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