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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Friendly question:

What is the rationale for doubling tuition over the span of 15 years? Is it simply that people have the ability to pay and they are profit maximizing? Or is it truly that they provide an incredible lifetime network and or access to the top universities that people from great Publix just don’t have anymore?[/quote]

Demand and supply. There is not much magic about this. There is a huge demand for schools with a low students teacher ratio, and as long people are willing to pay for it they will continue raising tuition. It is the same phenomenon as in colleges. Also it seems that the quality of public school is deteriorating so some people are willing to pay for avoiding the experience of public schools. But this is a general trend for most private schools. [/quote]

It’s a little more nuanced than that, as there are costs that didn’t exist in the past. There has been a trend in hiring a lot of admin (at universities too) with CEO-level large salaries. The managerial class. [b]HOS salaries and benefits have ballooned astronomically.[/b] They frequently pay for outside consults while sipping vodka and playing golf in East Egg. There are also enormous costs for technology, software, computers, etc, and AI to teach your kids. Also, it’s not just the brown kids whose education has been hit in their underfunded public schools: private school education has deteriorated too, despite all the gold stars your gold bars pay for. First year students at universities who come from the public and private prep spectrum are not performing as well as they used to. Harvard has plenty of data on this.[/quote]

It's not just the heads. Here's some math: If you have 400 full pay kids at 58K, and in your dream world you can slash your head's salary in half to $400K, you're only cutting tuition $1000/full-pay kid. There are a ton of administrative roles including CFO, US/MS/ES directors, deans, development departments, admissions, maintenance, and more. That's what it takes to run a school.[/quote]

Hmm. . . Yes, it’s not just the heads. . . That was the point of that post. Did you read only one sentence of it? Impressive math, by the way! Keep at it![/quote]

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