The Times of India recently reported how in Bangalore parents hit by recession are pulling out kids from expensive schools and looking at cheaper options. It's ironic that an engineering degree of four years comes almost at the same cost as that of a pre-nursery school and it just increases from there on.
A few international schools in Bangalore are witness to students dropping out after their parents lost their jobs. According to Lt Gen A r j u n R ay, Chief Executive, Indus Group, four s t u d e n t s dropped out after their fathers (airline pilots) were pink-slipped. The fee at Indus — one of Bangalore’s most expensive — varies from Rs 1 lakh to Rs 4.5 lakh depending on the grade. Interestingly, Bethany School, a well-known institution in Koramangala, had five students from international schools enquiring about admission.
Job uncertainty is making the next academic season a fretful one for parents.”With no projects lined up for the next year, I had to get my son enrolled into a less-exp e n s ive school nearby, even if it means compromising on the quality,’’ said a civil engineer who works on independent projects. “Worries of job stability apart, I need to also look at making arrangements for Rs 1.2 lakh for both my kids by next March,’’ said a concerned parent who didn’t want to be identified. He had paid Rs 19,100 per child this year, but the fee structure announced for the next year is Rs 43,100 per child! Widespread concern over high fees which seem to be recession-proof has led to some upmarket institutions to mull fee freeze, or even a downward revision for next year.
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It’s already admission time in pvt schools!
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1 comment:
Education is the key for success these days and it's getting expensive day by day. International schools in Bangalore are growing very faster now a days. It gives excellent education to the students. It gives good opportunity to improve the students career life.
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