Its now or never for Schools

In this bite, we discuss the acute financial problems faced by private schools.
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School is tough business.
And, if it’s a private unaided school, the government isn’t going to support them either.

The pandemic has been pretty bad financially for a lot of professionals and industries.
But, few have been hit as strong as the schooling sector. They are bleeding and nothing seems to be working to cauterize the wound.

A school has many fixed costs like:

  • Property Rent
  • Teacher’s Salary
  • Vehicle Insurance
  • EMI’s and many more.

These costs have mounted high and the income has dried up. Most schools report that they haven’t received even 5% of the fee that is due for the past year.

If the schools do not start re-opening soon, study estimates that almost 23% of the schools will have to shut shop.

This is specifically going to affect the lower-middle-income class’s education very badly. Its now or never for schools.

That’s our bit on today’s bite.

Meanwhile, check out NuShala to ease your school’s management.

Read, more such articles, here.

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