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Private & Independent Schools
Reply to "When will Private Schools' bubble burst ?"
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[quote=Anonymous]One poster is hovering on this thread repeatedly, and falsely claiming, that NW DC privates do not take in 40 million a year in revenue. Every time he/she posts he under-reports either the enrollment ( under-reports by say 500 students) or under-reports tuition ( ignores that this year every school hiked tuition 4-6 % again, just like they did the year before and the year before , and the year before. My point is: if this were any other business, would not the consumer balk at the price of the product DOUBLING in 6 years ? Just where , where, is the 40 million in annual revenue going ? where? Keep in mind, these figures are based on LAST YEARS Tuition, and next year it will be $2,000- $3,000 more at every school. Sidwell: Enrollment( from their website) : 1,075 X tuition $35,000 ( last years figure)= 37 million in tuition revenue alone ( before we get to capital campaign, annual fund) GDS: Enrollment( from their website) : 1,075X tuition $35,000( last years figure)=37 million in tuition revenue alone ( hey, any GDS parents know what their cc raised this year?) Cathedral Schools: Enrollment( from their website) : 1,150 studentsX $37,000( last year)=42 million in tuition revenue alone( ? capital campaign/? annual fund) WIS: Enrollment( 850)X $32,000= 27 million in tuition revenue alone ( ? capital campaign) All of these schools claim non-profit status. So, where do these amazing profits go ? teacher salaries ? Anyone talk to any teachers lately ? seriously, why has tuition quintupled in last 20 years and doubled in the last 6 years? where the heck is all that money going ? Capital campaigns have paid for the building improvements and IT additions, so THAT is not where money is going.[/quote]
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