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    When a recession tests the true value of independent education

    Even in the good old pre-recession days, ensuring that independent schools remained affordable was one of the key challenges facing the sector. 

    Fees over the last decade have increased significantly above salaries, and the recession will, if nothing else, redouble the desire of schools to contain fee increases to something more in line with inflation.  
    Parents recognise the value of good independent education, but equally they will expect schools to play their part in containing the increases to fees.

    Paying appropriately to recruit and retain good staff, improving facilities and managing the demands of increasing regulation whilst, simultaneously, containing fee increases is the dynamic which schools have to master with even greater skill during a recession. 

    Roedean has had an atypical year.  In April we merged with St Mary’s Hall, another girls’ school in Brighton, and have acquired an excellent junior school as well as the old SMH senior school site which will be leased to commercial tenants.  In the short term this has added pressure to our finances, but in the longer term it will provide for greater financial stability. 

    Notwithstanding such extraordinary events, it is a confident, perhaps blasé, school that does not respect the recession and work to counter its effects. Regrettably, the recession was the final straw for St Mary’s Hall, but I anticipate that such closures/mergers will be few indeed. 

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    What do bursars in other independent schools think?

    By Stephen Launchbury, Bursar at Wednesday, 30 September 2009

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