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Post by princetoncrusader on Jan 27, 2024 9:59:26 GMT -5
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Post by Chu Chu on Jan 27, 2024 16:34:27 GMT -5
Fascinating article! I was unaware of the history behind the school.
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Post by WCHC Sports on Jan 29, 2024 10:28:47 GMT -5
Only the most capable, intelligent, generous, funny, talented, and good-looking folks go there, so that I am sure, must help.
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Post by jkh67 on Jan 29, 2024 12:56:46 GMT -5
Appreciate your posting this article as I am a Regis grad (Class of '63). (By the way, saying that "several HC alumni" are Regis grads is an understatement. Over the years, many Regis boys have made their way up Linden Lane to start their college years. My class sent seven or eight.)
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Post by jkh67 on Jan 29, 2024 12:58:19 GMT -5
Only the most capable, intelligent, generous, funny, talented, and good-looking folks go there, so that I am sure, must help. Very insightful...and absolutely correct...commentary! Jim Higgins, Regis '63.
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Post by princetoncrusader on Jan 29, 2024 14:35:41 GMT -5
Glad you enjoyed it, Jim. My connection to the school--My late father was class of '39. He used to invite me along to the annual golf outing fundraiser, which was usually held at a nice course (like Sleepy Hollow) in the NY metro area. Those events, along with my occasional look at the alumni magazine that arrived in his mailbox, gave me a bit of sense of the place. I have also encountered a few sharp Regis fellows in the world of finance. My dad left the school a small bequest and I continue to make a gift to the annual fund in his memory.
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Post by nycrusader2010 on Jan 30, 2024 5:44:39 GMT -5
I attended the Regis-Xavier basketball game Friday night. Tougher ticket to get than the Big East!!
Regis hoops 15-2 this year so far.
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Post by mm67 on Jan 30, 2024 8:01:45 GMT -5
Speculative Fantasy: I have always thought the Regis Tuition Free model is an ideal which HC should pursue. No tuition fess for any student. Supplemental aid would be available for student housing & expenses depending on the family financials. An HC education would be available to a wider, more diverse variety of students. This would redound to the benefit educationally of all. Maybe, applications would increase and the quality of the student body might improve. Diversity, Equity & Inclusion based on merit & done the right way. I would reduce the overall enrollment accompanied by a reduction in the athletic profile of the school to reduce expenses. Athletics are a loss leader to attract attention and promote alumni giving. Of course a huge increase in the endowment & other funds would be required to successfully pull this off. Alums would need to be as dedicated & proud of a tuition free HC as they are about the school's success in sports. Obviously ain't ever gonna' happen. And, the great Regis High School endures.
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Post by Chu Chu on Jan 30, 2024 14:26:31 GMT -5
Speculative Fantasy: I have always thought the Regis Tuition Free model is an ideal which HC should pursue. No tuition fess for any student. Supplemental aid would be available for student housing & expenses depending on the family financials. An HC education would be available to a wider, more diverse variety of students. This would redound to the benefit educationally of all. Maybe, applications would increase and the quality of the student body might improve. Diversity, Equity & Inclusion based on merit & done the right way. I would reduce the overall enrollment accompanied by a reduction in the athletic profile of the school to reduce expenses. Athletics are a loss leader to attract attention and promote alumni giving. Of course a huge increase in the endowment & other funds would be required to successfully pull this off. Alums would need to be as dedicated & proud of a tuition free HC as they are about the school's success in sports. Obviously ain't ever gonna' happen. And, the great Regis High School endures. Time to pony up!
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Post by nycrusader2010 on Jan 30, 2024 16:41:44 GMT -5
Speculative Fantasy: I have always thought the Regis Tuition Free model is an ideal which HC should pursue. No tuition fess for any student. Supplemental aid would be available for student housing & expenses depending on the family financials. An HC education would be available to a wider, more diverse variety of students. This would redound to the benefit educationally of all. Maybe, applications would increase and the quality of the student body might improve. Diversity, Equity & Inclusion based on merit & done the right way. I would reduce the overall enrollment accompanied by a reduction in the athletic profile of the school to reduce expenses. Athletics are a loss leader to attract attention and promote alumni giving. Of course a huge increase in the endowment & other funds would be required to successfully pull this off. Alums would need to be as dedicated & proud of a tuition free HC as they are about the school's success in sports. Obviously ain't ever gonna' happen. And, the great Regis High School endures. Definitely a financial model I can't see being sustainable at the college level. Holy Cross obviously has a much larger and more highly paid faculty than Regis, not to mention subsidizing the education of 3,000 students is much more difficult than 600. College professors and admin are more expensive than HS teachers and admin. A Regis education, despite the school being considered one of the most prestigious in the country, lacks a lot of the "frills" that you would see at top private or prep counterparts. Very different from Exeter, Horace Mann or Collegiate in that sense. Not to mention, Regis HS is one building that just has to be maintained. Colleges and universities are constantly breaking ground on new buildings left and right to compete to be the most modern and stay ahead of the times. Holy Cross' groundskeeping budget might be more than Regis' total operating costs for the year. We also like having a football team, right? Totally unrelated, but Regis is also the only Catholic high school I've ever heard of that requires you to be baptized Catholic at birth to be able to apply. Not sure how they specifically define "at birth".
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Post by rgs318 on Jan 30, 2024 18:17:41 GMT -5
I was baptized only after I was born - by several days. I guess I would have been out of luck. I wonder how long the "at birth" time frame is.
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Post by nycrusader2010 on Jan 30, 2024 18:37:12 GMT -5
I was baptized only after I was born - by several days. I guess I would have been out of luck. I wonder how long the "at birth" time frame is. A couple of years I would guess.
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Post by WCHC Sports on Jan 31, 2024 8:42:08 GMT -5
You need to be baptized. The intention is that you're not converting to the faith at 11 years old trying to get into the school.
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Post by hcpride on Jan 31, 2024 11:05:10 GMT -5
I think the foundress’ intention was a free education for Catholic boys so that might explain the Regis requirement. Chaminade (LI) gives explicit priority to (baptized) Catholic young men and I don’t think many non-Catholics have attended that school given their application/selection numbers.
Regis has a rather robust fund-raising and endowment effort - necessary to remain tuition-free.
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Post by Tom on Jan 31, 2024 11:34:09 GMT -5
The Jesuits run a private tuition free middle school (grades 5 thru 8) in Worcester. Costs are somewhat lower because there are only about 70 kids in the whole school and they have a system where a good chunk of the faculty are grad students making next to nothing
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Post by Pakachoag Phreek on Jan 31, 2024 11:50:44 GMT -5
Regis' endowment is apparently $125 million. At an annual distribution of 4.5 percent, this would provide $5.6 million annually for operating the school. 600 students at a nominal tuition and fees of $50,000 = $30,000,000 if students were full pays. Something doesn't quite add up. Ignatian accounting?
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Post by hcpride on Jan 31, 2024 12:00:50 GMT -5
Regis' endowment is apparently $125 million. At an annual distribution of 4.5 percent, this would provide $5.6 million annually for operating the school. 600 students at a nominal tuition and fees of $50,000 = $30,000,000 if students were full pays. Something doesn't quite add up. Ignatian accounting? For starters there is a rather robust fundraising and endowment-building effort, student body is about 525, and tuition at Xavier, Manhattan is about 25K. (It is true that Collegiate/Horace Mann types are 60K).
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Post by mm67 on Jan 31, 2024 13:19:26 GMT -5
Regis has an enviable position among Catholic high schools & colleges. Catholic high schools whether in the Diocese of Brooklyn or the Archdiocese of NY are not in the same league. I gather Boston Latin, the oldest public hs in America rests on the highest level, too.
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Post by Pakachoag Phreek on Jan 31, 2024 13:54:01 GMT -5
The secret to Regis' solvency can be found here: the Annual Report for 2019-20. Most of the revenue to cover operating expenses comes from annual fund-raising. Much of the annual fund revenue comes from parents of students who attend for free. See: www.regis.org/section/?id=229
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Post by KY Crusader 75 on Jan 31, 2024 14:51:58 GMT -5
If the parents paid tuition it would be after-tax money. If tuition is free and parents step up with big donations they can write those donations off as tax deductions--a huge benefit for for anyone.particularly high earners and particularly in NYC
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Post by DFW HOYA on Jan 31, 2024 14:52:42 GMT -5
Speculative Fantasy: I have always thought the Regis Tuition Free model is an ideal which HC should pursue. No tuition fess for any student. Supplemental aid would be available for student housing & expenses depending on the family financials. An HC education would be available to a wider, more diverse variety of students. This would redound to the benefit educationally of all. Maybe, applications would increase and the quality of the student body might improve. Diversity, Equity & Inclusion based on merit & done the right way. I would reduce the overall enrollment accompanied by a reduction in the athletic profile of the school to reduce expenses. Athletics are a loss leader to attract attention and promote alumni giving. Of course a huge increase in the endowment & other funds would be required to successfully pull this off. Alums would need to be as dedicated & proud of a tuition free HC as they are about the school's success in sports. Obviously ain't ever gonna' happen. And, the great Regis High School endures. Could it work? Yes, with sacrifices. A $2.4 billion endowment, if returns were earmarked solely to college operations, returns ~$120 million a year. In 2020 (pre-COVID), HC's financial statements reported tuition revenue of $106 million, but when you add in faculty, staff, overhead and maintenance, operating expenses were $190 million. Could HC raise $70 million in annual fundraising? Perhaps, but that doesn't leave room for growth or contingency. A school could reduce enrollment, reduce staff, or pay faculty less to reduce fixed costs, but at a reputational risk. Then there's the elephant in the room: if people are willing to pay, why not take their money? Harvard could offer tuition-free admission to its entire undergraduate student body right now but they would rather take the money.
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Post by princetoncrusader on Jan 31, 2024 18:28:57 GMT -5
For FY 2023, the Regis annual fund took in $9.6mm, including $1.9mm from current parents, per the 2023 annual report was recently arrived in my inbox. Some 37% of alumni donate to the school.
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Post by nycrusader2010 on Jan 31, 2024 19:23:26 GMT -5
Regis' endowment is apparently $125 million. At an annual distribution of 4.5 percent, this would provide $5.6 million annually for operating the school. 600 students at a nominal tuition and fees of $50,000 = $30,000,000 if students were full pays. Something doesn't quite add up. Ignatian accounting? For starters there is a rather robust fundraising and endowment-building effort, student body is about 525, and tuition at Xavier, Manhattan is about 25K. (It is true that Collegiate/Horace Mann types are 60K). 25K to go to Xavier now? HS tuitions have gone up a ton since I was that age. I remember when I applied to Iona Prep and Fordham Prep in 2002, tuition was $8,800 (Xaiver would've been roughly line priced w/ those 2). My sister went to Ursuline from 2004-2008 and without her scholarship, tuition would've been 10K.
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Post by KY Crusader 75 on Feb 1, 2024 0:05:33 GMT -5
My Jesuit high school was $400 per year. I aced the placement exam and was one of four scholarship winners-$100 a year in my case!!
Looks like tuition increases at these schools have escalated just a bit faster than inflation….,
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Post by alum on Feb 1, 2024 10:47:27 GMT -5
The diocesean Catholic high schools in Greater Hartford are a much better deal than Xavier in NYC. East Catholic (Manchester) and Northwest Catholic (West Hartford) are each around $16,000 range. As a matter of comparison, Kingswood Oxford, also in WH, the private day school attended by our basketball recruit Chuck Hare, is about $46,000.
I don't think that East and Northwest have raised their rates much in the last decade.
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