There’s no time like the present to consider tuition rates and whether they are sufficient to cover the costs of care. Cost of care refers to the total expenses involved in providing care and education to children at your early education center. Unlike market-based pricing, which primarily looks at what other centers charge, a cost of care approach is grounded in your specific operational costs. This ensures that your tuition rates reflect the actual expenses required to run your school, allowing you to maintain both quality and financial health.