Monday, October 27, 2008

Focus on Education in Tight Times

If money didn't matter in education the rich wouldn't spend so much on it.

Smaller classes in private schools; tutoring elite students for elite schools; educational summer camps; test prep; special needs therapy and recreation....

Educational companies are "benefiting from economic downturn through increased demand from parents."

This from Forbes:

No Child Left Behind

Don't tell Lisa Jacobson there's a recession underway. Her biggest problem these days is finding a way for her employees to take a breather.

As the chief executive of Inspirica, a 25-year-old, multimillion-dollar tutoring and test prep company, she's raking in more money than ever. Business was up 60% in September as her 100 or so tutors flew all over the country preparing thousands of children and young adults for elite high schools, colleges and grad schools--at rates up to $525 an hour plus expenses. Layoffs? Not at Inspirica, where the past month was the company's best in 25 years.

"We're hiring; we just can't find enough qualified people," says Jacobson, who is looking to beef up both the tutoring roster and management team of her 150-person company.

A tight economy may mean less spending, but it's also helping parents focus on priorities. So despite the crushed 401(k) statements and credit card debt, parents are still spending to improve the lives of their kids...

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