Reply to Will top privates ever put a cap on tuition?

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[quote=Anonymous][quote]The other poster on the first page had it correct. As long as people are willing to pay, the tuition will go up. And the incomes of the top 1% has skyrocked relative to the rest of society, even the second 1% below them. They are the ones who dominate the private schools, [b][u]so we have a scenario where even the 2nd 1% are now being priced out whereas 20 years ago they could easily afford the schools.[/u] [/b]

It's a scenario that feeds upon itself. The schools are now increasingly geared towards catering to the desires of the 1% so they spend fortunes on fancy campus improvements and facilities because the very rich demand those, which in turns causes them to raise tuitions to pay for those facilities. 20 years ago people were much more content with a less fancy, less extravagant campus (the same can be said for colleges). [/quote]

I agree with this, as someone whose kid is in a NWDC private, and who is in the top ~10% of income for the District. (vs. nationally, which is much lower).

One thing people don't talk about much is the "barbell" effect at the most competitive and expensive schools:  Sidwell for sure, Maret, and I believe STA (don't know about NCS).  GDS is a little different thus far in this regard, but I bet cash money that with their foray into Big Developer-meet-facilities arms race, GDS will join these ^ schools.  Sidwell was the earliest entrant into this weird demographic distribution, probably owning to its [now subsumed] Quaker values.

The school's population looks like this

[img]http://mathworld.wolfram.com/images/eps-gif/DumbbellCurve_1000.gif[/img]

with the two red bumps representing the very wealthy, big donors on the left, and the underserved, deserving, and absolutely needs a lot of financial aid group on the right.

The middle is hollowed out.  i.e., the families that don't qualify for / receive only token FA, [b]but [/b]for whom $41,000 x 3 kids is just not happening.

I'm certain -- because I lived here and attended one of the schools I listed above -- that more "professional" couple's kids attended these schools in the 70s, 80s and 90s.  [/quote]

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