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Articles: Expert Advice
Top Forums
Are private pay programs at risk due to economy?
toadstool
Registered User Posts: 1,145 Senior Member
For the past 5 to 8 years 'pay to play' summer programs have been a spectacular growth industry. A lot of people and organizations have been making tons of money off of the intense competition to boost kids' resumes for college.
In this changing economic situation, fewer parents will be willing or able to open their wallets for expensive, 'pay to play' summer programs. The programs were set in motion before the down turn: applications are drafted; websites are up; marketing is in full swing.....but what if the students don't show up? What if you put down your deposit or tuition and the website becomes a hollow shell - and the phone stops being answered?
What programs do you think are solid? Which are highly discretionary or at risk?
In this changing economic situation, fewer parents will be willing or able to open their wallets for expensive, 'pay to play' summer programs. The programs were set in motion before the down turn: applications are drafted; websites are up; marketing is in full swing.....but what if the students don't show up? What if you put down your deposit or tuition and the website becomes a hollow shell - and the phone stops being answered?
What programs do you think are solid? Which are highly discretionary or at risk?
This discussion has been closed.
