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Reply to "will St Albans tuition continue to rise 3K every year?"
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[quote=Anonymous][quote=Anonymous] A certain class and type of people believe that if something is more expensive, it's better. It only takes a small subset of families having this mindset to effectively set the tuition increases at all NW DC schools. Even though the first domino in the chain could never actually be identified, hypothetically, let's say the consistently exorbitant price increases start at the Cathedral schools. When NCS has a ~4-5% tuition increase each year, Maret and Sidwell and WIS and GDS (and whatever other $$ private schools are in NW DC) MUST follow suit. No one wants to look like the cheaper option (there will always be some variation, but it will be small), because they worry that consumers would see that as a statement about the quality of their school. [b]I'm sure this effect must have a name but I'm too unschooled myself to know what it is[/b].[/quote] A NCS/St. Albans/etc. education is a luxury good.[/quote]
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