the academy journal
Finances
discount rate (the income derived from students’
tuition after financial aid is deducted). The schools
are actively addressing this with recruitment and
retention activities. And the final component is
contributions. Our donors have been exceedingly
generous over the years. But we need that generosity to continue and expand – to those who have
not financially supported the Academy before and
from future generations.
On the expense side, the schools are vigorously pursuing cost cutting wherever possible.
They have regularly come in under their