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Reply to "When will Private Schools' bubble burst ?"

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[quote=Anonymous]I think this is actually a good pquestion - especially in the DMV. All 4 of my kids have done a combo of public and private.

I grew up in the metro area of a large Midwestern city that is recently coming out of some difficult economic times.  Most of the private schools left there are parochial or academic specialty. There are a couple purely independent schools worth mentioning, but that is it. There is no longer a market for high priced independent schools there - especially ones that are not considered tier 1. People invest in the public schools which, and in the suburbs, are above average.

I have lived here for 24 years and I am often amazed and the number of private schools and cost of private school education here. There seems to be an "arms race" here with respect to cost.  And you are seeing some independent schools struggling with enrollment at higher grades and admitting kids they would not have admiited a few years ago - especially 2nd or 3rd tier schools in areas with good public school districts.

As I have said before in this forum, the ONLY way that this whole independent school thing even works is because the DMV is economically stable compared to most other parts of the country because of the presence of the Federal government. Any type of prolongoned downturn in this area would drive students back to public schools and all but top tier of these schools out of business.  That is why I tell people that they should be interested in the Federal budget and spending cut rumblings - because it is a ripple effect. [/quote]

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