In our January 12th Board meeting, the Board of Trustees approved a tuition increase of 2.5%. Over the past year we have worked diligently to balance the school’s operating and cash flow budgets. Adjustments have been made to non-program related expenses and rapidly increasing benefit costs with the goal of reversing the trend of losses for the school over the past eight years. We will continue to analyze ways to keep our costs as low as possible while maintaining the excellence of our program.
As a result, we were able to keep the tuition increase to 2.5%, one of the lowest tuition increases in recent years.
The Board and the Finance Committee are committed to Shining Mountain being a financially sustainable school. We are working hard on behalf of the community to balance program, affordability, appropriate spending and staffing.