Financial aid in uncertain times: questions every school must ask today [Ep.47] [March 23]

What will the effect of the COVID-19 crisis be on independent school tuition and financial aid? Mark Mitchell from NAIS helps us with some historical context.

After the 2008 financial crisis according to NAIS's DASL data:

  • FA applications went up 16.7%
  • Students receiving aid went up 17.8%
  • Total FA spending per student went up 21%

In this conversation Mark advises us that although we can't predict the future we can start asking the right questions to help our schools prepare today.

About the Author

Peter Baron and Hans Mundahl

Peter Baron is EMA's chief member relations officer, responsible for the creation and oversight of our external programs as well as our membership promise. He oversees marketing and communications, member recruitment and retention, and outreach functions, as well as leadership training programs, research, and other related strategic initiatives. With a career spent in product development, sales, relationship development, and marketing, Peter's success has been built on listening to schools' and families' needs. Hans Mundahl is EMA's director of professional development and has been an educator since 1995, when he first stepped into the classroom as a Fulbright exchange teacher in the former East Germany. Since then, Hans has taught in a variety of settings, including as an Outward Bound instructor, classroom teacher, house parent, and in higher ed. Hans has served in just about every role possible in an independent school including as an admission officer, program leader, trustee, and head of school.

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