Over the last two decades, independent school tuitions have risen much faster than the Consumer Price Index. As a result, fewer people can afford to pay full price - and even those who can, may be increasingly price sensitive.Throughout Day 3, we will explore the independent school financial and enrollment model and will look at opportunities to adapt our cost structure, enrollment strategies, financial aid strategies, and price point.
Led by John Gulla from The Edward E. Ford Foundation in Outlook 101.
Educational innovation isn’t just a pedagogical imperative, it’s a strategic imperative. New entrants are disrupting traditional assumptions about the most valuable parts of an independent school experience, competing with independent schools with lower cost structures and lower price points. Microschools like Lakeside’s The Downtown School and The Mastery School of Hawken offer compelling, 21st-century learning environments without the fixed costs of large campuses and legacy programs. Khan Academy and online high school offer access to high-quality content for free. Public schools are innovating with magnet programs that appeal to many of our traditional customers. How is educational innovation disrupting the independent school business model as well as our instructional model? Where do our schools offer the most value to customers compared to these new entrants? How might we radically restructure the independent school business model around our unique value proposition? In Day 2, we will explore new models and think about how our schools should innovate to stay ahead of the competition.
Includes accommodations, meals, and planned activities.