Endowment-building initiative for seven area schools, plus fundraising campaign.
So common are endowments in the private school world that the National Association of Independent Schools, an accrediting organization, uses these funds, whose principle cannot be touched but which generate annual investment income, as a key benchmark for measuring a school’s stability and viability.
Scholarship coffers could increase as a result of ‘benchmarking,’ but tuition cuts not expected.
In response to a crisis of affordability sweeping through the day school world, a new effort to have schools practice greater efficiency has resulted in savings of tens of millions of dollars for nearly 40 Jewish day schools across the nation.
But while the new “benchmarking” process spearheaded by Yeshiva University’s Institute for University-School Partnership is expected to free up funds for scholarships, don’t expect to see dramatic drops in tuition itself.
Recognizing that there are no magic bullets in alleviating the financial, emotional and other burdens on parents seeking to provide a quality day school education for their children at a time of economic recession, the leadership of the Orthodox Union sought this week to address the problem pragmatically.
Schools worry about ‘guilt by proximity’ as Great Neck story unfolds; calls for more ethics lessons.
With two North Shore Hebrew Academy students and a graduate now charged in the expanding Nassau County investigation of SAT cheating, some observers in the Jewish day school world are expressing disappointment and embarrassment and wondering if Jewish day schools need to step up existing programs aimed at instilling ethics and preventing cheating.
Parent labor, online classes keeping costs down in W. Orange, E. Brunswick.
Aaron Spool used to have a lot of trouble sleeping.
A father of three young children, with another on the way, Spool — who lives in West Orange, N.J. — was kept up at night worrying about yeshiva tuition.
“For me, paying for day school is impossible. I have an MBA from the University of Michigan and work in finance, and I just can’t do it,” he told The Jewish Week. “If I can’t, then everyone else is going to have an issue, and I wanted to get ahead of the curve, to be proactive instead of reactive.
Two major investments include multimillion-dollar federation endowment, high-tech science ed partnership with Israel.
The past few years have not been easy ones for the Jewish day school world.
The recession and the related “tuition crisis” have hurt enrollment, although not as much as many had feared. Add to that the emergence of Hebrew charter schools, which many day school leaders worry will draw away their tuition-paying students.
But things may start to be looking up for day schools.
Parents already reeling from the high cost of active Jewish life may soon be facing a difficult choice for their high school children between tuition scholarship for day school and a summer camp or summer-in-Israel experience.
Concern over how it might affect area day schools.
Just weeks after Shalom Academy, a proposed Hebrew charter school serving the heavily Jewish suburbs of Englewood and Teaneck won New Jersey state approval, an application has been submitted for a Hebrew charter serving another major Jewish population hub, the Upper West Side.
Los Angeles – Jewish day schools may soon be making more use of students taking online courses in secular subjects as a means of reducing tuition costs while accessing a wide range of academic topics for students.
In an effort to address the educational and financial concerns among the day schools they help support, the Avi Chai Foundation has endorsed eLearning – taking courses online – as providing increased access, motivation and flexibility for students, as well as developing digital literacy skills required for the 21st century.
Growing up in Riverdale, I attended Salanter Akiba Riverdale Academy, known as SAR, a private, Jewish Modern Orthodox day school. The school is built on a hill overlooking the Hudson River, and, in a manner somewhat similar to step farming, is composed of various levels, on and between which there are no walls.