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I am not a finance bod but....

I am not a finance bod but....

Old May 3rd 2009, 10:51 am
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Default 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....
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Old May 3rd 2009, 10:57 am
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Default Re: I am not a finance bod but....

Originally Posted by annacarna View Post
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....
perhaps they're anticipating less students next school year and are spreading the cost over those who remain?
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Old May 3rd 2009, 11:01 am
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Default Re: I am not a finance bod but....

Originally Posted by still.unsure View Post
perhaps they're anticipating less students next school year and are spreading the cost over those who remain?
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
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Old May 3rd 2009, 11:06 am
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Default 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?!
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Old May 3rd 2009, 11:11 am
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Default Re: I am not a finance bod but....

Originally Posted by Emerald_Eyes View Post
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?!
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.
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Old May 3rd 2009, 11:12 am
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Default Re: I am not a finance bod but....

Originally Posted by Emerald_Eyes View Post
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?!
Not sure if the other schools in AD are doing it, but it just doesn't seem sensible with companies cutting costs all around.
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Old May 3rd 2009, 11:27 am
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Default Re: I am not a finance bod but....

Originally Posted by annacarna View Post
Not sure if the other schools in AD are doing it, but it just doesn't seem sensible with companies cutting costs all around.
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.
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Old May 3rd 2009, 11:38 am
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Default Re: I am not a finance bod but....

Originally Posted by Blue Cat View Post
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.
Yes a certain Mr some1 is not happy that his new school is not allowed to raise the fees. Kicking up a right stink.
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Old May 3rd 2009, 11:39 am
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Default Re: I am not a finance bod but....

Originally Posted by seraphnina View Post
Yes a certain Mr some1 is not happy that his new school is not allowed to raise the fees. Kicking up a right stink.
would that be the lovely Mr Varkey by any chance
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Old May 3rd 2009, 11:40 am
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Default Re: I am not a finance bod but....

They are making an absolute fortune these schools.
But the school Anna is talking about is not-for-profit....
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Old May 3rd 2009, 11:41 am
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Default Re: I am not a finance bod but....

Originally Posted by Blue Cat View Post
would that be the lovely Mr Varkey by any chance
The one and only.
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Old May 3rd 2009, 12:07 pm
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Default Re: I am not a finance bod but....

Originally Posted by hawkhead View Post
But the school Anna is talking about is not-for-profit....
I don't buy this profit -v- non profit, they all charge the same so what difference does it make?
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Old May 3rd 2009, 12:10 pm
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Default Re: I am not a finance bod but....

Originally Posted by hawkhead View Post
But the school Anna is talking about is not-for-profit....
they have to pay for their new "coaches" dont you think.
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Old May 3rd 2009, 12:12 pm
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Default Re: I am not a finance bod but....

Originally Posted by busybee2 View Post
they have to pay for their new "coaches" dont you think.
Wont that be a separate fee?
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Old May 3rd 2009, 12:12 pm
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Default 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.
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