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What Affect Has The Credit Crunch Had On Private Schools
The recession has not only taken its toll on businesses this past year. The education sector has also had its fair share on unrest, particularly private schooling. Whilst more students are actually staying on in higher education at the moment, a great deal more are choosing to do so in the state school system. This, coupled with a number of other factors has led to the closure of a private schools all over the country and the struggling of many other schools. But how has it come to be that private schools are in this situation.
Less pupils. Without pupils, there would be no schools. Private school pupils bring in the money via their fees and these go to pay for almost everything in the school, including resources and teachers. As more parents are choosing to send their children to state schools in efforts to cut down on their outgoings, private schools are suffering from large drops in student number and so less money on which to survive
Reducing staff. As schools are receiving less money from students, so staff numbers are having to be reduced. Many schools have had to cut their number of teaching jobs in half and this will inevitably lead to a drop in the standard of teaching quality across the board. The knock on effect of this is that there is a reduced divide between the standard offered in state schools and the standard in private schools, meaning more will opt for the free state service. This is something that seems to have affected independent senior schools more than others.
Fierce competition. When markets were growing and everyone was doing pretty well 5 years ago, many weaker private schools and boarding schools could survive simply because there was the supply of students to sustain them. Not that the markets have turned however, lots of these school find they cannot compete with the larger, wealthier schools
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