Monday, January 12, 2009
Even in the middle of the school year, parents are pulling their kids out of private schools as family budgets get hammered by the ever-deepening recession.
The federal government says private enrollment has dropped by 120,000 students in the current school year, and that's just a preliminary number. Given total private school enrollment of about six million, that's about two percent of the student population.
And more of the parents sticking with private schools are asking for financial aid, straining school endowments that have withered along with the stock market.
However, the National Association of Independent Schools insists overall enrollment at private schools has held steady.