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Long term effect of coronavirus crisis on private school sector

258 replies

suk44 · 01/04/2020 22:32

I was reading an article in the Guardian today about the pressure some independent schools are under in the current situation, and how the ongoing uncertainty could hit the viability of some of them. Regardless of whether someone would be happy or unhappy with it, i''m thinking it is quite likely the sector is heading for a hugely difficult couple of years (like many other sectors of course) and especially since this isn't an issue that will be fully resolved anytime soon.

I understand some private schools were hanging on by their fingernails financially even before this crisis due to the huge increase in pension contributions, and now you have to add in the potential pressure from some parents for partially refunded fees for next term, international boarders having to fly home, and predictions of a deep recession (and therefore fewer that could afford to send their children to fee paying schools).

I'm wondering if we will end up seeing a greater number of such schools merging, closing or converting to state schools that we saw even after the 2008 recession, affecting even some big names?

OP posts:
Welcometothequiz · 02/04/2020 08:23

Yes it's very sad, even if you don't believe in private schools, it will undoubtedly put pressure on the state system if some of them close. Such a worrying time for everyone.

GreenWheat · 02/04/2020 08:21

Sorry typo - "with no mind to..."

GreenWheat · 02/04/2020 08:20

I agree, and it will be particularly hard on those who can't afford to go back in September as state school places are already either allocated or about to be. Lots of people who privately educated have bought their houses with mind to being close to good state schools as they weren't planning on using them. They will find it very hard to be told that the only school place available is at a failing school quite far away.

suk44 · 02/04/2020 08:13

@Whyisthisnoteasy
I meant big name schools this time, rather than last time.

I think some schools in the sector which survived the last downturn then starting struggling financially with the cost of pension increases, and all of what is happening now will be another body blow. As another poster mentioned, there will always be some schools who will be able to weather the storm, but I suspect in quite a lot of others there will be some worried bursars even now trying to look at how significant amounts of money can be saved. I wouldn't be surprised if in the relatively near future in such places you notice a subject or two being cut or bigger class sizes.

OP posts:
Waterandlemonjuice · 02/04/2020 07:20

I think the very very rich will be less affected and so the big names, Eton, Marlborough and the like will still be there in a few years. The cheaper ‘independent’ (why do we call them that instead of private?) schools where parents are scraping to afford fees will be those in trouble I think.

ChicChicChicChiclana · 02/04/2020 07:18

I think your predictions are about right, op.

mrscampbellblackagain · 02/04/2020 07:17

I think it is going to be very hard for the private sector. I agree some schools will end up closing.

I also think it will mean less bursaries which is very sad. Personally I would rather schools stopped giving scholarships with monetary value and instead concentrated on bursaries.

Whyisthisnoteasy · 02/04/2020 07:11

Interesting. Which were the big names in 2008? I thought everyone was expecting this to be short term, but I guess it will take time to recover.