In another sign that the city’s economic recovery is flourishing, demand for the city’s private schools increased by nearly 10% this year, according to new data to be released Monday.
The number of parents willing to spend upwards of $30,000 a year for elite private schools increased sharply last year, as the number of children who took the admission tests jumped to 4,668, according the Educational Records Bureau, which administers the tests.
The last time private schools saw this kind of increase was between 2006 and 2007, when the city’s real-estate market was in a frenzy, the stock market was at an all-time high and the number of students taking the admissions tests shot up by 12%. When the financial crisis hit in 2008, test takers dipped by nearly 2%; they fell by 5% in 2009.
“We had a banner year in 2007 with a surge in test takers, but where we are now even surpasses that jump,” ERB’s executive director, Antoinette DeLuca, said.