Agree but covid breaks the idea of markets because covid based lockdown is the equivalent of a government caused CAT 5 hurricane. Everything breaks when you force business to shut down but rent is still due. So now you get to decide who to rescue with lifeboats and helicopters and who should drown. Is a private school worth saving? Idk maybe is my Anwser. Private school in New York probably not but private school in the south where there are no alternatives.... maybe as it serves as a community anchor. Although if the institution is worth saving then bankruptcy is truly the better choice because the community will rally around it and save it afterwards but saving a company before bankruptcy is just a pass through for creditors.
Dude. Private schools keep getting paid during COVID. My kid's does. I've given 'em three payments since the doors closed and my kid has been to virtual school hell five days a week. The private schools are the ones most likely to have kids who can adapt to virtual school.