Trying to bring sanity to the discussion of Yeshiva Day School tuition in Bergen County, NJ
Wednesday, September 12, 2012
So Far So Good...
He'atid had Back-to-School night last night & it seemed as though everything was running smoothly. The teachers & parents both had mostly positive attitudes. The classrooms were clean & decked out with brand new furniture built as a labor of love by parent volunteers. It's a shame that the brand new computers are still sitting there practically untouched but I'm sure that will change after the chagim. Privately I heard that the school is on the projected budget, even though they are operating at a deficit the first year as expected. Anyone there last night have any thoughts?
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Comments by IntenseDebate
So Far So Good...
2012-09-12T08:25:00-04:00
Yeshiva Dad
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Sora · 654 weeks ago
End Welfare · 654 weeks ago
Sora · 654 weeks ago
Guest1 · 654 weeks ago
So far, so good. No complaints.
Proud He'atid Parent · 654 weeks ago
HeAtid Parent · 654 weeks ago
Proud He'atid Parent · 654 weeks ago
End Welfare · 654 weeks ago
anon · 654 weeks ago
in the sand · 654 weeks ago
Miami Al · 654 weeks ago
Sora · 654 weeks ago
Sora · 654 weeks ago
Sora · 654 weeks ago
he'atid is not misleading. You are misleading people - it is a non profit and will keep fundraising as all non profits do.
and he'atid is a start up so they have start up costs - their costs for the start up are not per student costs that will continue to be needed every year
and again, if you divide what other schools get from fundraising and avichai, per student costs are huge there - they are much more than what He'atid is spending. So if you are going to factor in all donations, make sure you do it for tuition at legacy schools.
Guest · 654 weeks ago
Sora · 654 weeks ago
(of course in your statements you also neglect to say that much of the money used is for start up costs that are not repetitive costs - i guess in that case we would need to include Noam's start up costs in their per student costs right?)
Teaneck Tommy · 654 weeks ago
Guest · 654 weeks ago
in the sand · 654 weeks ago
yes, the "community" did fork over the money. i was at the parlor meetings, i wrote a check as did many others who dont have kids there. so yes, the JEWISH COMMUNITY did give 1.5 million to you guys.
heatid is a pre-school with 20 or so poor first graders aka guinea pigs. when 85% of your school is a preschool, then you are a preschool. sorry to burst your balloon. and oh, by the way, the HIGHEST COST PER STUDENT PRESCHOOL IN BC.
legacy donations vs heatid- all heatid kool-aid drinkers want to talk about the fact that legacy tuition isnt the real number but the all in number is the real number. so yes, legacy tuition is higher but the dinners, scholarship, etc are part of that all in number, so our cost per student isnt that astronomical- its the all in number! heatid is ONLY floating now on donations. the 900k you got from tuition wouldnt even get the doors open there. you raised 1.5 million and still need 200k to break even this year on top of the 900k in tuition! that is 2.6 million for 100 preschool kids. sorry the math hurts but its just the real numbers.
.
in the sand · 654 weeks ago
sora, sorry you drank the kool aid but it hope it tastes just as good coming up as it did going down
Guest · 654 weeks ago
Sora · 654 weeks ago
Guest · 654 weeks ago
Sora · 654 weeks ago
Guest · 654 weeks ago
When BPY opened the other community schools were at capacity and turning away students. The community rabbi's advocated for more schools in order to allow growth of jewish families moving in to Bergen County.
He'atid really is pulling kids out of schools and causing more inefficiencies. There is no need in the community for another school.
Sora · 654 weeks ago
Sora · 654 weeks ago
Proud He'atid Parent · 654 weeks ago
Tim · 654 weeks ago
thatguy · 654 weeks ago
Guest · 654 weeks ago
whatithink · 654 weeks ago
Look, I guess we'll all (lovers of Atid and its haters) have to wait and see...but I 100% give all respect to those who wish it well....It may not be everyone's cup of tea, which is 10000% fine, but can't we live and let live? They're not burdening/hindering/bothering anyone.....
I don't know, maybe I sound ridiculous or too "positive", but I think we, parents of kids in day schools, should stick together....and like I said, we'll see what - hopefully all good things.
anon · 654 weeks ago
bpy was created b/c the sephardic community wanted their own school, turns out they couldn't support it and it's not really a sephardi school anymore
even if the argument for noam and bpy was capacity they still should not have been created. expand an existing school - add on to existing structure or create a satellite location.
Guest2 · 654 weeks ago
End Welfare · 654 weeks ago
Lol. Other than excess useless admins, remind me what "frills" Heatid is lacking compared to the legacy schools? You have got to be kidding me but you obviously need to justify why you are paying double.
Teaneck Tommy · 654 weeks ago
Guest · 654 weeks ago
Unfortunately, the average person does not understand this and it is causing the legacies to be viewed in a negative light for no reason.
End Welfare · 654 weeks ago
There is no shortage of reasons to view the legacies in a negative light. Many of us viewed them (and those who run them) in a negative light long before Heatid ever came on to the scene.
Miami Al · 654 weeks ago
If so, they'll hold tuition down, if not, they won't.
That math is rather simple. 85% of Yeshiva costs are wages. Wages historically rise at inflation+1% over time (real wage growth is 1% per year). Over time, costs will rise at 1% over inflation.
If the "tuition collected" number is 100%, then tuition rises with costs, at roughly 1% over inflation.
If the "tuition collected" number drifts down to the 67% that is historically the case in Bergen County, then tuition rises at 1.5x Wage Growth rate.
If the "tuition collected" number drifts down to the 50% that is common in South Florida, your tuition will grow at 2x Wage Growth rate.
The latter scenarios mean that either you raise tuition RAPIDLY, or you fail to keep up with wage growth for teacher salaries, and eventually death spiral as your good teachers leave and your bad teachers stay.
Good luck, but there really isn't magic involved, the math is pretty easy.
The schools aren't bloated, per se, the schools are under capacity and therefore need to dump excess inventory at discounted rates. Lots of schools creates competition, competition drives down prices, which in Yeshiva land, is a decrease in the tuition collected rate, not the listed rack rate... No different that Chevrolet spending $90k to make a volt, putting an MSRP of $50k on it, and selling it for $30k w/ discounts. There is a lot of moralizing involved, but Chevy was offering a 67% discount last month for Chevy Volts via Leasing, how is that different, economically, from the Yeshiva situation.
Pretty sure that the Pentagon, just directed to buy 1,500 Volts, paid full price of $50k, maybe more.
Sora · 654 weeks ago
Guest - I dont represent the He'atid board. I am a hea'tid parent. I guess if I represent the board, then you represent the board at the legacy where you send your kids -and that Board, based on your remarks, must be really nervous and scared about what He'atid is doing. If He'atid wasn't a threat, you wouldn't be wasting your time bashing it.
Guest · 654 weeks ago
How are new programs and expanding programs not considered part of the educational expense associated with the school? It is just creative accounting to say that tuition ( and in rocketship's case, state funding) covers just operating costs and current programs, but anything new or expanded is considered start up.
Miami Al · 654 weeks ago
GAAP? You have to separate operating costs from capital expenditures and R&D/startup things, because you expense operating costs, depreciate capital improvements, and amortize R&D/startup costs.
"It is just creative accounting to say that tuition ( and in rocketship's case, state funding) covers just operating costs and current programs, but anything new or expanded is considered start up."
No, it's actually pretty standard accounting. If the organization took state funds and followed your model, someone could go to jail.
in the sand · 654 weeks ago
heatid has no building fund bc you have no building!
there is no dinner obligation bc you have yet to have a dinner! how do you have a dinner for 60 families?
again sora, sorry the truth hurts, but heatid is a very expensive preschool and nothing more. donors gave money bc they were blinded by the marketing genius of GD. once the truth is seen by all, the donors will run for the hills. or, lets just say they love the model that much and other schools are now opening- you know what happens, right? these donors spread their money among all the new scams opening up. now where does heatid get money from? food for thought...
Teacher · 654 weeks ago
Anne · 654 weeks ago
Too soon to judge · 654 weeks ago
Anne · 654 weeks ago
i think the reason that people say so far so good is that the school has been ridiculed from day one - never will get the funding, never will get a principal, wont have a building, wont get teachers, will get really bad teachers, wont open, is way over budget. So far all of that has been disproven and students are happily learning in the school.
other than that, i agree with too soon to judge - so far so good - but very premature to decide whether the school will ultimately succeed..
Anne · 654 weeks ago
Too soon to judge · 654 weeks ago
Good luck to all and chag sameyach.
Miami Al · 653 weeks ago
Prek-3: 18 students
4-8: 22 students
9-12: 25 students
Prior to this recent change (via state Constitutional amendment), it was not uncommon to have 24-25 students in a Kindergarten class with a single teacher.
No clear evidence if rising scores relate to the class size amendments or the tightening standards resulting in better education, time will tell. But any sort of flipped model, specialists in the classroom, or other technique can make 24 a perfectly reasonable classroom size.
That's not to say that it's not nicer to be smaller, historically that was one way the private schools differentiated themselves (and this has caused educational costs to explode), but the idea that it's a total disaster is silly.
That said, if you are finally sound enough that you can afford a $5k-$6k premium for 3 teachers/24 kids instead of 1 teacher/24 kids, go nuts, totally reasonable.