gsaldivar
Diamond Member
Originally posted by: MonkeyK
"any gap" makes it sound like a small amount, which may, or may not be the case. Isn't it a little shortsighted to assume that the gap will remain the same?
The assumption isn't mine. The word "gap" makes no representation as to the size of the difference between the amount of a voucher and the actual cost of tuition to a private school. As I stated above, each private school is responsible for setting its own tuition fee.
When you introduce vouchers into the system, you make education a commodity, subject to market pressures. With more parents looking at private schools (increased demand), wouldn't the market forces suggest that a better performing school charge more?
Subjecting something to market pressure doesn't make it a commodity. Can you trade, process and/or resell public education vouchers, or use them to commercial advantage? No.
A school voucher system simply shifts the choice of education away from bureaucrats and puts it into the hands of families. It's important to remember that demand is only one of many forces which affect price: While it's true that market forces suggest that higher quality and demand drives a higher price, competitive forces suggest that private schools will compete on price for a finite amount of vouchers in a given area. Schools will desire to maximize absorption of these vouchers in their local area, which will increase their revenue - this will not happen if they price themselves out of the market. As you can see, there exist pressures on price coming from both directions.
Over time, the hope is that competition between schools will drive an overall improvement in quality, while forcing those with severe management problems to either improve or close. This process of continuous improvement is simply nonexistent in the current system of public schooling, where year-to-year funding is guaranteed regardless of the school's quality and performance.
As a parent, I also want my kids to have the best education that I can afford (and I understand that vouchers would help me afford more). However, my gain may result in someone else's loss. I can afford a school that has a value of $voucher+$5k/year; someone else cannot and will have to send their kids to a school that has a value of $voucher.
I predict that on a case-by-case basis, private schools will choose to waive a portion, or all of the "gap", rather than lose the revenue from that family's voucher. This often happens in subsidized healthcare, where a care provider can choose to waive the gap between what an insurance company is willing to pay for a service, and the actual price of that service. Additionally, financial aid programs, grants, scholarships, etc. are in place which will further increase private school accessibility to those who are unable to afford it.
Ultimately, though, it's true that some families will not be able to afford the gap between the state voucher and the cost of a private school. However, as a group, a greater number of families will be able to afford private school than were able to without a voucher system in-place.