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ERIC Number: EJ1104696
Record Type: Journal
Publication Date: 2016
Pages: N/A
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-0145-9635
The Independent School Financial Model--Is It Sustainable?
Lourie, David
Independent School, v75 n4 Sum 2016
Almost seven years removed, the Great Recession still looms large in the minds of independent school trustees and administrators. While not producing many positives in the lives of our schools and the nation's economy, it did instigate important and long overdue questions and discussions about the long-term sustainability of the so-called independent school financial model--a model that is mostly tuition-driven. Edward E. Ford Foundation awarded St. Anne's-Belfield School (Virginia) a grant to do an in-depth analysis of a single school's financial model as a case study in sustainability. Key questions included: "How high can tuitions go until they reach a price point? How much can we continue to discount (that is, offer financial aid) on the backs of unsustainably high tuition increases? How will we address the fixed costs of our institutions that are far outpacing CPI and tuition levels?" For individual schools to begin to answer these questions, it was felt that looking at one school's financial past, present, and future would provide a clearer road map. [Online Feature]
National Association of Independent Schools. 1620 L Street NW Suite 1100, Washington, DC 20036. Tel: 800-793-6701; Tel: 202-973-9700; Fax: 202-973-9790; Web site: http://www.nais.org
Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Virginia