Jessica Dickler, of CNBC warns: As wealthy families flee, New York City’s private schools brace for an uncertain fall.
Dickler writes:
When the coronavirus crisis hit New York, many of the city’s wealthiest families went elsewhere.
Without knowing what the fall will look like, some are debating if they will return to New York at all, which could open up an unprecedented number of spots at even the most elite institutions, according to Emily Glickman, president of Abacus Guide Educational Consulting.
“In my 21 years of practice, I have never seen anything like this in terms of extreme levels of churn and uncertainty,” she said.
“The most competitive schools have a strong hand,” Glickman said. “It’s much harder for families to give up their spot at Dalton, Trinity or Horace Mann.”
Akin to what is happening at the college level, top-tier elementary and high schools may lose some students but gain replacements as new families step into those spots, she said.
It’s the less-competitive schools that are finding it harder to replace the students that are leaving, Glickman added.
My phone is recently ringing with families looking to “upgrade” their children’s school and get advice as to how to help their child have the most productive summer and year possible.