What will the effect of the COVID-19 crisis be on independent school tuition and financial aid? Mark Mitchell from NAIS helps us with some historical context.
After the 2008 financial crisis according to NAIS's DASL data:
- FA applications went up 16.7%
- Students receiving aid went up 17.8%
- Total FA spending per student went up 21%
In this conversation Mark advises us that although we can't predict the future we can start asking the right questions to help our schools prepare today.