MONSEY (VINnews) — As inflation skyrockets, it is no surprise that Yeshivas are struggling to meet their expenses.
VIN has obtained an email sent by a Monsey yeshiva to its parent body, informing them of a “meaningful increase” in next year’s tuition. The yeshiva attributed the tuition hike to a $2 million budget increase due to “macro-economic factors”.
The yeshiva said that the hike “reflects only a small percentage of our massively increased costs. Our budget has increased by nearly $2,000,000 due to macro-economic factors as well as increased overhead and expenses.”
Thank you President Biden.
To the yeshiva’s credit, it is bearing the brunt of the massive increase in overhead and expenses through fundraising efforts, and is only passing a small fraction onto the parents.