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BOTTOM LINE.
Are the teachers well paid? Are donors or administrators suing the tuition money to live well? Are yeshiva building full of luxuries (and no, working toilets and functioning heating are not luxuries)? Are their lavish programs of non-academics such as well equipped sports teams or expensive music and arts programs?
The answers to the above are obvious for frum schools (though not for non-Jewish private schools, or for some public schools). There is little if any “fat” to cut. So the only way to lower tuition is to get more donations (the goyim have the phrase “blood from a stone”) or to increase class size (which could be painless if we find a way to use distance education techniques effectively).