Private schools brace for mass exodus

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An expected casualty of the COVID-19 economic meltdown are Australia’s private schools, which are bracing for an exodus as financially strapped households tighten their purse strings:

State school principals are expecting an increase in student numbers as financially stretched families turn away from private schools…

Some private schools have already offered fee cuts and deferrals, and asked alumni to help pay the fees of students at risk of quitting due to family money pressures.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.