I am not a finance bod but....
 

Just had notification that a certain well known expat school in AD is raising the school fees by 1570 a term, surely with peeps losing their jobs and expats with kids whose school fees are paid by the company being directly targeted is not a good move....

Re: I am not a finance bod but....
 

perhaps they're anticipating less students next school year and are spreading the cost over those who remain?

Re: I am not a finance bod but....
 

Yes prob but that wont help the remaining parents who may well be on their employees hit list if the company has to fork out for the additional fees. Companies are reducing costs and salaries and such not giving increases

Re: I am not a finance bod but....
 

Well I don't have kids but that sounds like a hell of an increase when it appears to be moving more towards a "parent's market" with the amount of exiting families. It doesn't sound like a wise move, unless all the other schools do it as well?!

Re: I am not a finance bod but....
 

Alot of schools will be doing it due to the fact alot of students won't be re-enrolling and they wanna cover up there loss.

Re: I am not a finance bod but....
 

Not sure if the other schools in AD are doing it, but it just doesn't seem sensible with companies cutting costs all around.

Re: I am not a finance bod but....
 

I have heard the same about schools here in Dubai, we haven't got our fees for next year yet but I can bet you anything they are increased. They are fools to themselves the schools. I even went and spoke to our Deputy Head about the situation, tried to explain that a bit of compassion towards the parents at this time would go a long way with regards to their reputation. Unfortunately the owner of the school doesn't see it that way. They are making an absolute fortune these schools.

Re: I am not a finance bod but....
 

Yes a certain Mr some1 is not happy that his new school is not allowed to raise the fees. Kicking up a right stink.

Re: I am not a finance bod but....
 

would that be the lovely Mr Varkey by any chance :rofl:

Re: I am not a finance bod but....
 

But the school Anna is talking about is not-for-profit....

Re: I am not a finance bod but....
 

The one and only.

Re: I am not a finance bod but....
 

I don't buy this profit -v- non profit, they all charge the same so what difference does it make?

Re: I am not a finance bod but....
 

they have to pay for their new "coaches" dont you think.

Re: I am not a finance bod but....
 

Wont that be a separate fee?

Re: I am not a finance bod but....
 

also heard today that a "certain" construction company in AD is now not paying school fees too.