The current recession is forcing families to make difficult decisions about the place of private school in their list of priorities. Parents are falling behind on tuition payments, and some are switching their children to public school, in the middle of the school year, which is extremely unusual.
A greater number of parents who are keeping their kids in private schools are requesting financial aid, which puts additional pressure on school endowments that were battered in the stock market. The National Association of Independent Schools said 2,400 independent and parochial schools it worked with reported a 4.3% jump in the number of families applying for aid.
To read the full article in USA Today, click here. Another great article on financial aid policy and procedures can be found in this month's Just for Heads e-letter—click here to check it out.
