May 13, 2020
COVID-19 – What are the Consequences for Secondary Schools?
COVID-19 will have a long-term impact on secondary education. Independent schools were already in a tough spot with rising tuition discount rates and increased competition from low-cost educational alternatives. Now, faced with the need for virtual learning, social distancing and testing, schools have had to rethink their operating models and value propositions to survive.
John Griffith, Vice President and our Endowment Specialist, believes that many schools need to make dramatic changes today to safeguard their institutions for the future. He argues that schools should be focusing on enrollment trends, retention rates and net tuition.
In our article, “The Great Financial Crisis’ Impact on Secondary Schools – Will History Repeat Itself?” we explore what happened to secondary education after the GFC and what insight that provides for the current market environment. While schools are in a very different position today than they were twelve years ago, understanding these trends can help schools position themselves to tackle the challenges lying ahead and build programs for the future.
If you would like the full article, please contact us.