Reply To: Whats the deal with Yeshiva/BY closures lately?

Zach

“Its not so much the Recession as organizations not running on sensible budgets. Recession or not if you spend more then you take in you go broke. And you can’t out earn or fundraise careless spending.

(Yes this means some hard choices are going to have to be made)”

But what does that mean? The typical mainstream Yeshivah and BY do not pay high salaries the food is generally subsidized by the govt and is 2nd rate at best and these schools arent exactly offering anything that should cost them through the roof.

Unless Im missing something, with tuition being paid in full by most students and the extra fundraising, dinners…a yeshivah should at least be able to stay afloat. But to fall into heavy debt? I just dont get how thats possible unless Im missing something big.