I will be looking at private independent SF schools next year for our daughter who will start kindergarten in 2012 so I am just starting to learn about the expense, admission process and grim realities. I noticed there is only 1 older blog post on private school tuition. An article in yesterday's Examiner by Ken Garcia talked about the scary financial future for many of the independent schools. It has really got my husband and me worried. It sounds like some of these schools way overbuilt and overspent during the go-go 1990's and now they are grappling with how to make ends meet without continuing to raise tuition which is already exorbitantly high. It seems that these schools have become even more segmented with only the very wealthy able to comfortably afford the tuition and the people who get tuition assistance. That leaves the middle class (like me) who don't qualify for tuition assistance, scraping by. When I read in the Examiner that Katherine Burkes School is paying over $700K in interest expenses on their debt it scares me! All these fancy buildings the independent schools built over the past couple of years don't sound like they have done much to improve children's education. Are test scores any higher? I doubt it. From the Examiner article it sounds like they are just marketing tools for attracting wealthy families. This sounds like a school in trouble...without a simple solution like tuition increases to meet their financial commitments. The author of the SF Magazine's Schools Gone Wild article from a few years ago really did a great job characterizing the problem. Now that the economy has faltered these schools are paying the price for their lavish spending habits. I would welcome a discussion on the topic of the how independent private schools in SF are going to fare in the realities of the new, bleaker, economy.Here is a link to the Examiner article
Wednesday, March 3, 2010
Hot topic: Will private schools raise tuition?
This from a reader:
Labels: Private school tuition
Posted by Kate