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February 26, 2010, 8:00 am
Demand is dipping at New York’s elite private elementary schools as the weak economy hits parents’ ability to pay tuitions exceeding $30,000 a year, Bloomberg reports.
The number of children taking entrance exams for private schools this year dropped 4.4 percent to 4,259, continuing a slide that began in 2009, according to the organization that administers the tests. Public-school enrollment in New York City rose for the first time since 2002.
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2 Responses to Recession Dims Demand for Elite N.Y. Private Schools
lendoran - February 26, 2010 at 4:49 pm
I think this is more about the failure of NYC Financial Service firms that it is about a drop in enrollment. A lot of people in NYC lost very well paying jobs.
davidhorvitz - February 26, 2010 at 5:18 pm
Maybe, but I think this is a national trend, not just NYC. In South Florida, the most prestigious private secondary schools have openings for the first time in many years.