What drives the tuition cost?
The primary factors that determine the tuition level are projected expenses, anticipated student enrollment and the success of the Excellence Fund (annual fund). Approximately 75-80% of tuition costs are personnel expenses. There are other expenses such as utilities, facility upkeep, academic and extracurricular programs, textbooks, etc. I think it would be helpful for you to know that each year we submit all our financial information for a full audit. The audit firm is Goehner Accountancy and they complete their full audit in accordance with GAAP (generally accepted accounting principles). One of the points of interest was their determination of the percentage of revenue Village Christian Schools spends for General Management and Administration compared to the industry standard (the national average for private schools). The industry standard is 18% while Village Christian Schools is 9%.
