Making high quality educational services available at an affordable price per student is a challenging task. Consider the costs (in 2011) of offering one course at a school:
What is the market salary for a highly skilled teacher with good experience teaching a particular subject? The answer to this question usually depends on the grade level and geographic location, but I will assume it might be $45,000 for a teacher in areas of the United States with an average cost of living.
School Year Length
The above salary number reflects a 185 day, or 37 week school year. It will probably vary a bit if the school year is longer or shorter than 185 days.
Schools are complex organizations that require Continue reading The Cost of Education