Independent schools are becoming more likely to offer 'flexible' fee structures to parents willing to negotiate on the price
Independent schools are becoming more likely to offer 'flexible' fee structures to parents willing to negotiate on the price
“Outside of the oversubscribed institutions, schools will always be providing discounts for parents,” he said. “That’s often just because parents are pushy and want to get what they can. We’ll see a lot more of that, no doubt about it.” “Sibling discount would be a palatable way of doing it,” she said, adding: “This is the opportunity for parents to ask for discounts because most will assume it’s a fixed price. But like any commercial trade, if you don’t ask, you don’t get.”
“But it’s going to be a balancing act. It’ll depend on the location of the private school, whether there is competition in the area versus those private schools that are in a more isolated location and have more of a captive market.” Discussing the impact of VAT on fee structures, he said it has become increasingly common for prospective parents to contact several local private schools to look for the best offer. This is especially likely in parts of the country with lots of private schools such as Surrey, Kent and North Yorkshire.: “If you’re a popular, oversubscribed school, you would simply say ‘no’ because you’ve got scholarships and bursaries.
The chair of a south coast independent school, who wished to remain anonymous, warned schools against offering differential pricing because it would be “very difficult for finance departments of a school to manage” and “extremely problematic” for fairness and transparency.
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