What Affect Has The Credit Crunch Had On Private Schools
- Friday Jun 19,2009 08:14 AM
- By article king
- In General
Businesses are not the only things to have been hit by the recent recession. All to be hit is educational institutions, mainly in the private domains. More students are choosing to continue in education due to the lack of jobs currently, but those that are staying on tend to do so in the state system. This is just one of many reasons that we have seen private schools closing left, right and centre, and their are a number of other schools on the edge. Below we take a look at a number of contributing factors to private schools suffering.
Less pupils. Schools survive on their pupils it’s a simple as that. Private school pupils bring in the money via their fees and these go to pay for almost everything in the school, including resources and teachers. As more parents are choosing to send their children to state schools in efforts to cut down on their outgoings, private schools are suffering from large drops in student number and so less money on which to survive
Laying off staff. Due to the fall in student numbers, schools do not have the money to support the number of teachers they once did. Many schools have had to cut their number of teaching jobs in half and this will inevitably lead to a drop in the standard of teaching quality across the board. The knock on effect of this is that there is a reduced divide between the standard offered in state schools and the standard in private schools, meaning more will opt for the free state service. This is something that seems to have affected independent senior schools more than others.
Fierce competition. When markets were growing and everyone was doing pretty well 5 years ago, many weaker private schools and boarding schools could survive simply because there was the supply of students to sustain them. Not that the markets have turned however, lots of these school find they cannot compete with the larger, wealthier schools
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