Monday, September 14, 2009

Day schools & economic crisis


NEW YORK - As schools across America opened their doors for the new academic year this month, in a corner of Orange County, California, the Morasha Jewish Day School stayed dark.

Last spring, it failed in its last-ditch effort to raise much-needed cash through the sale of land. In April, the school's fate was sealed and the board sent a letter to parents outlining the grim financial situation.

"It is with much sadness, therefore, that we share that Morasha Jewish Day School is a casualty of the economic downturn," the letter read.

When it shuttered its doors for good in June, Morasha was not alone. Since the economic collapse last fall, day schools with fragile finances and dwindling enrollment have been forced to close. Others have seen dips in enrollment and significant increases in financial assistance. [...]

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