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Inflation has hit every industry making our beloved Rs 100/- that could buy a good amount of stuff a couple of years back now evaporates in the thin air.
In this type of scenario, parent’s dilemma to choose schools depends a lot on the fees charged by the schools.
We have a natural tendency to preserve what is less.
So when the value of Rupees is falling, it’s but natural to preserve cash. 🙂
But can you as a parent give up a good school?
I would request you to not go by just the fees charged by the school but look at all the facilities a school is providing you and your child in a year’s time.
Lets the say there are two schools A and B.
School A charges 35000/- per year and School B charges 80000/- per year.
|School A||School B||Difference|
|FEE per Year||35000||80000|
From the table you can make out that it is not the annual fee only that will pinch out of your pockets. If the school charges low, it will affect the salaries of the teachers, which in turn means compromising on teaching quality.
Obviously when the teaching is compromised, a tuition teacher has to be approached who will not take less than Rs 3000/- per month for all subjects and help your child do homework. Concept explanation! I doubt.
Next comes the cost of fuel in the process of dropping and picking your child to and from the tuition center. Everyday cost of the fuel may be from Rs 50/- to Rs 100/- SO you can average it out to Rs 1000/- per month.
If the school closes early and both of you are working, it will mean a day care or a full-time help @ Rs 3000/- month.
So you see you end up paying more if you do not combine all the costs and then compare the school fees of School A and School B.
Next time when you are checking on the school fee and rejecting a school because of the high annual fee, do take a look at these calculations on your own.
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