Public school parents in New York City fear the financial meltdown will trigger an exodus from Manhattan’s pricey private schools into their already overcrowded public schools. Tuition at the City’s private schools averages $21,000 and routinely soars well into the $30s. The Daily News notes there are 35,000 private school students in New York. A healthy percentage of their parents depend (depended?) on the financial services industry for their daily bread. And the tuition money.
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