Woohoo! Hunter, do you think this will lead to more of those students going to private schools or something else? I think most privates are typically much more expensive then $6,500 per year right?
On the margins, yes it will lead to some more students going to private schools but the limitations I think will prevent there from being a mass exodus to private schools. Yes, private schools are typically more expensive than $6,500 per year but if a school costs $10,000 (which isn’t abnormal) then a family only having to pay $3,500 out of pocket could be a difference maker. There is the potential for schools to just increase tuition rates but I think there are reasons why that isn’t a guarantee like in other industries
Woohoo! Hunter, do you think this will lead to more of those students going to private schools or something else? I think most privates are typically much more expensive then $6,500 per year right?
On the margins, yes it will lead to some more students going to private schools but the limitations I think will prevent there from being a mass exodus to private schools. Yes, private schools are typically more expensive than $6,500 per year but if a school costs $10,000 (which isn’t abnormal) then a family only having to pay $3,500 out of pocket could be a difference maker. There is the potential for schools to just increase tuition rates but I think there are reasons why that isn’t a guarantee like in other industries