How Liquidity Troubles May Impact Independent Schools

(from Fisher Phillips) The liquidity crisis caused by Silicon Valley Bank’s collapse and other bank failures may have repercussions for independent schools. Parents employed by companies impacted by the liquidity crunch may have trouble meeting their financial obligations to your school, as has been the case during other financial crises. Learn more about what to do if: 

• A family requests more financial aid
• A family requests a deferred tuition payment plan
• A family doesn't pay on time, related to current events
• Employees need financial assistance due to the liquidity crunch

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