Released: April 21, 2012

The preschool race Is no joke

Source: Robert Frank, The New York Times

In education, the problem is that a quality is inherently relative. A good school is one that compares favorably with other schools in the area. Although a school’s quality depends on much more than the size of its budget, additional resources can obviously help. And given the vast sums of money that some parents now have at their disposal, an explosive — and largely unproductive — arms race is inevitable. Tuition at elite preschools has been soaring, sometimes to much more than $30,000 a year and occasionally within sight of $40,000 — or above that of some prestigious colleges. Yet excess demand persists, and jockeying for acceptance is the subject of much New York lore.

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