In the first of this three-part Webinar series, we’ll tackle the rumors swirling about financial sustainability in private-independent schools and why they have little to no impact on your pricing model. Come discuss inflation, Baumol’s Cost Disease, and tuition increases—not decreases!—with other school administrators searching for solutions to their economic worries.
You’ll Cover These Topics:
- Discuss how tuition increases have outpaced inflation for years—and how many school leaders believe this is not “sustainable.”
- Discover Baumol’s Cost Disease and why inflation isn’t your enemy.
- Learn about “true inflation” to plan and understand your school’s necessary cost increases.
- Examine different types of business units to better understand your unique market position as a private school.
School sustainability seems to be the buzzword of late, with some claiming that traditional model of charging the full cost of a child’s education will doom a school to closure. In order for a school to be sustainable in the long-term, some say, the traditional models must be adjusted.
At ISM, we believe it is a private school’s perceived programmatic value that has the most impact on a family’s educational decisions, not its “sticker price.” Join ISM Executive Consultant Terry Moore in this three-part Webinar series as we discuss common misconceptions of school sustainability, how financial aid distribution impacts your mission goals, and how your school can lay the foundation for long-term viability in a changing market.
Run time: 60 minutes total. Webinars typically run 45 minutes with 15 minutes of Q&A time.
This Webinar is for all school leaders, particularly Heads of School, Division Heads, Development Directors, Directors of Admission, and Directors of Marketing and Communications.