"I Know We Enrolled, But Unfortunately Now We've Both Been Laid Off And ?"

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Private School News//

December 9, 2009

It seems that even though the job losses are slowing down, some companies are still making needed cut backs and people are still losing jobs. The loss of jobs is causing some families to make sudden changes in their lifestyles—such as last-minute changes in their child's education.

You want a reputation as a school that is both firm and fair, one that expects the contractual obligations to be met but, under reasonable circumstances, will work with a family. Some schools went into this summer expecting a percentage of their families to need last-minute financial aid, and so they held some of their available aid in reserve. However, not all schools were as prepared and are now looking for ways to save their school's budget in this coming year. These schools may find themselves struggling with sustaining their budgets while upholding their reputation of fairness.

ISM has recently released an article originally written for To The Point on our Web site, free for all schools experiencing this situation: "Tuition Liability: Use Enrollment Contracts to Set Responsibility."


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