Prep School Loomis Chaffee’s Muni Deal Showcases Soaring Demand

  • School’s acceptance rate shrinks to 17%, an all-time low
  • Henry Kravis’s alma mater charges boarders $68,420 per year
Founders Hall at Loomis Chaffee School in Windsor, ConnecticutPhotographer: aimintang/Getty Images
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This week an exclusive Connecticut prep school is selling a small bond issue with a big story.

It’s about the growing demand for admission to elite institutions from parents striving to give what many view as the gateway to the good life for their children.