Is Private School Not Expensive Enough?

R. Scott Asen:

ANY parent of a private-school child will tell you that tuitions are painfully high — and getting worse every year. Many New York City schools are approaching the $40,000 mark. And it’s not just New York: charges at many private secondary boarding schools are now touching $50,000. Outrageous, many say.
But I would argue that, if anything, charges may be too low. At least for some of the customers.
Virtually every private-school parent has heard about “the gap” — the difference between tuition dollars received by the school and the actual costs of operating the institution. This information is usually delivered by the development (read fund-raising) office, along with a heartfelt plea to help plug that gap with a donation.