Mar 14, 2023, 9:59 AM
(from the Guardian) A number of prominent independent schools in the United Kingdom have developed relationships with satellite campuses in developing countries, relationships which can net the schools significant sums of money. The nonprofit schools develop a for-profit subsidiary that enables them to collect profits and use them in the U.K. Political instability sometimes leads to losses at the satellite campuses. Schools say the tuition is paid mostly by wealthy expatriate families and used to fund scholarships in the U.K., but critics of the arrangements find it distasteful that wealthy schools are taking money out of the less economically advantaged countries and sending it back to the U.K.
years is the target ceiling for a school plant's financial "age."