How Private Schools Can Use Their Independence to Thrive in Crisis
Accelerated demographic shifts and dwindling populations are some of the triggers leading to detrimental enrollment loss in private schools across the U.S. In wealthier neighborhoods, private schools face increasing competition from their host public school districts, some of which spend over $20,000 per year to educate a single child.
In addition, the cost of educating a private school student is much greater than the average tuition paid by the family. To close these budget gaps, private schools employ a number of supplemental revenue-generating strategies such as fundraising, summer camps, and additional programming. Supporting a robust fundraising operation has become critical for many private schools.
In this article, A&M Public Sector professionals discuss how private schools can use their independence to thrive during crisis. Private schools should capitalize on the remote learning model, work collaboratively with peer schools, and think strategically about their “value add” during this time. Communication and strategic planning are both critical.
