What is Tuition fees? How much should it be?
What percentage of total fees should constitute tuition fees and what constitutes tuition fee of a school?
As per the recent judgment of the apex court in different cases, school management holds maximum autonomy to decide what should be the fee structure and what should be the percentages of different types of fees in the total fee structure. This is done so that schools can structure their own fees according to what are their costs and expenditures for different domains of fees.Thus, different schools have different percentage of tuition fees.
Some facts about tuition fees:
- It may vary from 30% -70% of total fees
- It generally includes salary of the teachers
- Can be charged annually, bi-annually, or quarterly according to the school’s discretion
The only mandatory condition for schools is that the fees should be structured such that it does not amount to profiteering and the schools can only have a reasonable surplus which is around 6% - 15% of the gross revenue.
Course on Fee Regulation & Financial Management for Private Unaided Schools
As a School leader you may have lot of such questions on fee structure design & how to remain away from controversies with parent associations. You will get all your answers in this online course.
Faculty for this course is CA Vimal Kishore who is a veteran Chartened accountant for schools like The Doon School. Explore lot of valuable content from the comfort of your school/home.
Know more about this course, REGISTER HERE- http://bit.ly/feeregulationcourse