I am starting this thread because I know a lot of parents on here have kids in private Pre-prep and Prep on here and I wanted to get a sense of just how bad things are financially in the Prep school sector and give you a heads up on what is happening to my kids school just in case it happens to yours.
My DS1 and DS2 go to a nice small prep school and we are very happy with it. I have been talking to other parents and am shocked to hear that so many of them are planning to take their kids out by September. I am not sure the school knows this yet but I estimate that next year they wil only have 2 kids remaining out of the current Year 1, they will only have 5 out of current Year 2. I expect very few to join as my DS1 was showing parents round at the recent open day and there was only 1 child visiting who was eligible for Year 1 or Year 2.
The nursery and Reception years will be fairly full as will Years 4, 5, 6 although a few are planning to withdraw on those years as well. However, I know that Year 7 in the senior school had a big drop off in numbers last year. It seems that at the key transition stages parents have already been deciding to take their kids out or not put them in. With the credit crunch now affecting jobs much more severely I can only see this getting much worse.
There was a very interesting article in the Financial Times Yesterday about a Prep school that had been forced to close in Sevenoaks. Read the article here:
www.ft.com/cms/s/0/3f4e835c-fc93-11dd-aed8-000077b07658.html
A key sentence in the article is this:
"I think we are only at the tip of the iceberg," said Sue Fieldman, an editor at the Good Schools Guide. "There's much more coming in the next six months . . . a huge number of private school parents are in financial services and banking."
All prep and senior private schools will know for sure by the end of March what their numbers are going to be next year and I know that many schools have closed in the last year and only given 1 term notice to parents.
There is possibility my kids school might merge with another local Prep and sell off one of the sites but that is not certain to happen and parents have certainly not been given any information.
I am trying to put together a plan just in case it happens.
Is anyone as worried as me? Do any of you have the experience of it happening? What are your plans if it happens to you?
I know a lot of people on here disagree with private schooling but I would like to try and keep this thread away from 'private v state' arguements. Having a school close and then being forced to move kids at short notice is very disruptive and stressful for everyone so I hope we can swap info on here as I am sure schools wil delay telling parents as long as possible.
Warning: Please please do not name schools directly or say where they are as we do not want to start unfounded rumours.
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Primary education
Prep schools closing - worried my kids school may close with little notice
ABetaDad · 18/02/2009 08:30
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