SCHOOLS IN INDIA ARE FACING PROBLEMS WITH FEE COLLECTION DURING THE PANDEMIC

The pandemic has hit India hard and we are facing a number of challenges today. The education field has been the most adversely affected among the others. The students are unable to cope up with studies and the administration of private schools if facing innumerable challenges. One such challenge is that of fee collection. The e-School Readiness Survey’ was conducted by Indian School Finance Company, a non-banking financial company. It was found that several private schools were unable to sustain the administration due to lack of funds.

 

Problem Of Fees Collection:

Several school administrations revealed that they are unable to manage the infrastructure and are unable to pay their staff due to shortage of income. Collection of fees has become a herculean task for them.

The private schools have further revealed that the major reason this is happening is because most of the parents have lost their source of income and are broke. Thus, they are unable to pay the fees on time. Another reason is that parents are hesitating to visit the school premises due to contamination. Another major reason is that parents don’t consider online classes useful.

Schools Are Not Getting Payment In Cash:

Another major problem for private schools is that due to the pandemic, the parents are afraid to come to schools and pay fees in person. Thus, they are doing so using online platforms like paytm and BHIM app. People are using cards to make payments. It is beneficial for the school but plenty of people don’t even have a debit card so there is no way they can make payments. Thus, it is resulting in several pending payments and there is no way school can obtain them anytime soon. Thus, private schools are facing major economic crisis.

 

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