The benefits of private institutions



The benefits of private institutions


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The Westminster School has been educating boys since it was founded in 1560 by Queen Elizabeth I to provide education for 40 underprivileged scholars. A ground-breaking ceremony on April 9th marked the start of the construction of Westminster Chengdu. The school is due to open in September 2020 and will have 2,500 students from the ages of 3 to 18. It will be followed by a further five establishments of a similar size in other Chinese cities over the next ten years, by the end of which Westminster will be educating 20 times as many children in China as in the heart of London.

Although private schools are known to be pricy, it effectively serves as a substitute product for public schools. When the demand for education is high and inelastic, these private schools help solve the shortage of schools in certain regions by providing an alternative mode of an institution. The tradeoff of the higher price of tuition is the higher quality of education.

In addition, private school give education opportunity to immigrants and others who are not eligible for public school, private schools are able to provide them with resources that they are not able to get from public schools as well.

Comments

  1. AnonymousApril 24, 2019 at 12:40 AM

    Nice post Austin, it's interesting how private schools can provide opportunities for those who are not eligible for public school. Something that would be interesting to examine is how private schools and public schools compete with one another in different environments. Furthermore, it would be cool to research how the quality of private schools differ with the quality of public schools.

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  2. AnonymousApril 24, 2019 at 12:41 PM

    This post is interesting, and I agree that private institutions have a clear purpose, but would like to argue that the presence of private education at the middle and high school levels often give advantages to the wealthy and hurts middle class families. Private college prep schools like Phillips Exeter often cost around 50k a year, which many parents can't afford, and also give students research and tutor opportunities that public students just can't compete with. Because of this, private school students often have better resources than public students, and this leads to them getting better colleges and jobs, and often widens the wage gap.

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