Small schools often find themselves in an economic bind, having much less revenue and comparable expenses compared to larger schools. Here is a diagnosis and some suggested remedies.
Financial sustainability is a concern for all schools, as the expenses necessary to provide a high quality education continue to rise. At the same time, many schools are committed to making it possible for families to enroll their children regardless of economic circumstances. Reducing costs without reducing educational quality, economic diversity, and inclusiveness is a difficult yet essential task. New approaches to enrollment and tuition revenues can maximize financial returns, helping to maintain inclusivity without sacrificing financial sustainability.