<p>I think the first part of this discussion is interesting <a href=“http://talk.collegeconfidential.com/prep-school-admissions/334557-boarding-schools-long-term-decline.html[/url]”>http://talk.collegeconfidential.com/prep-school-admissions/334557-boarding-schools-long-term-decline.html</a>. I think the market is going through a period in which the top 50 or so seem to be in good shape but beyond that many are struggling just to keep the status quo. The trend from boarding to day certainly explains why the % day has increased at many schools. Those schools with limits on internationals and limits on financial aid could have increased applications but still be looking for full paying US students after the contract signing deadline. All those wonderful new facilities strain the endowment because of increased maintenance. Standing still is falling behind.</p>