Monday, March 24, 2014
Blog Post #10
Catholic schools rely on private funding to keep them running, this funding comes in various forms : tuition, donations, private loans and so forth. The problem with this is there is no state funding. I would say the money that school receives is somewhat stable, but it is dependent on meeting a certain number of students per grade, per year or semester. The school my CP works at now, St. Lawrence Academy is struggling to meet a high enough number of students to generate enough money to keep the school from closing. There are private funders of the school, and fundraisers that generate donations and those help, but the majority of the money comes from the tuition. The decrease in enrollment is affecting the school because it is on the verge of closing. If in the next few years, the school doesn't receive more funding it will close down.
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