As the economy recovers every so slowly, a very good source tells us that some private elementary schools expect to be able to offer more financial aid this year to incoming families. Last year, private schools were hit extremely hard by requests from both incoming and currently enrolled families for financial aid (some current families requested aid for the first time). With the economy improving slowly, many schools expect to be able to offer more aid to a wider number of incoming families than last year, according to our source. Still, don’t expect a boom year for financial aid just yet.
The article below from the LA Times (3/23/09) highlights financial woes faced by private schools in LA…we don’t think much will change in terms of how schools plan their big fundraising events and annual giving campaigns for 2010-11…”challenging” and “moderation” will still be the operative words until the economy recovers from the recession, in our opinion. The jobless rate is still very high and some private school families are doing everything they can to keep their kids in school and make ends meet. We think most private elementary schools are trying to be sensitive to this reality and make sure all families feel welcome and included at fundraising events.
From the LA Times, March 23, 2009:
“Most solicitations don’t begin with the words “don’t give,” but that’s the approach being used this year by the private Oakwood School in a clever, celebrity-packed appeal timed to its annual fundraising drive.