Wednesday, December 10, 2008

Financial Crisis Hits Jewish Education

An elementary day school in Lakewood, NJ, Bais Faiga has closed until further notice after teachers walked out, having not been paid for several months. Students from the school are now home with parents or attending impromptu "camps". I don't know the details, but it is certain that the recession certainly is in play here, whether it be an increase in tuition assistance or a decrease in donations/tuition payments or both.

In a recent discussion in Lookjed, subscribers shared practical ideas for reducing costs and maintaining a positive cash flow in schools.

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