Reply To: Refund For Seminaries Due To COVID-19

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Gadolhadorah
Participant

The yeshivos, seminaries and just about any private school with a limited endowment generally continue to incur most of the same costs today as they did prior to the shutdown. They still pay the same mortgage/rent for the school buildings and dorms, most have continued to pay their administrative staff (along with most of their rebbeim and moros), utility bills may be slightly lower with the lights out but that’s not a big percentage of costs). At the same time, most have incurred a big loss in revenues (both tuition and charitable donations). Even those with endowments, may have legal constraints on using those funds for current operating costs. In simple terms, they have no money to pay refunds, even if logically the are not providing the services parents have paid for.