Retention, Tuition increase, Business

A Simple Step-by-Step Plan for Raising Tuition and Not Losing Students

A Simple Step-by-Step Plan for Raising Tuition and Not Losing Students

00:00 / 27:55

Watch the podcast on video here

Tuition hikes can be challenging processes for private schools to navigate. Without a background in sales, many educators are either uncomfortable or unfamiliar with the processes involved in asking for money. In addition to this discomfort is the looming fear that these tuition hikes might cause families to pull their children out altogether and opt for free education at a local public school.

It’s time to destigmatize this process. There is nothing wrong with asking for the money you need to pay your teachers, purchase supplies, and create the school experience your families expect. When handled correctly, you can safely normalize tuition hikes for yourself, your staff, and your families.

In this episode you’ll hear:

Why tuition hikes should be done annually at your school
How to address educators’ fears of losing families over tuition hikes
How much you should raise tuition by
The best ways to communicate with your families regarding these hikes
Why you shouldn’t raise tuition if your enrollment is declining

If you’re ready to reduce the anxiety around tuition hikes and improve the financial communication in your school community then this is one episode you won’t want to miss.


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