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The pandemic has resulted in financial stagnation and losses. Besides, with new schools and branches of existing schools coming up, the competition among schools has increased over the years.
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Play as a Powerful Tool for Learning in Pre-Schools Gone are the days when mentioning school fee negotiation resulted in questions, gasps, and stares. The pandemic has resulted in financial stagnation and losses. Besides, with new schools and branches of existing schools coming up, the competition among schools has increased over the years. Consequently, schools have started wooing parents by offering discounts and a scope of negotiation. These discounts are based on the number of vacant seats and referrals. The number of vacant seats is directly proportional to the discounts. Similarly, parents who refer more children for admissions get a higher discount. If you are wondering how to avail discounts on your child’s school fee, here are a few helpful tips.
1.Remember it is a business A school is a well-regarded institution that prepares children academically, intellectually, and culturally. But parents should also remember that schools are business entities too. As it happens while buying other products and services, bargaining is a possibility in this scenario too. Schools need students and vice- versa—it is never a unilateral equation. If you find paying to a high school in Dubai unaffordable, express this issue clearly before the school administrators and ask if there are options to make the school fees more affordable. You never know it might just work in your favor. 2. Choose between an installment and a lumpsum If you cannot pay the amount upfront, ask for monthly or quarterly payment options. Alternatively, if you have the required amount, offer to pay the full annual tuition fee and negotiate for a discount. Many schools prefer receiving full payment and give discounts in exchange for less hassle. In both cases, there are psychological benefits too for parents. Those who cannot afford round sum feel relieved as they get more time to pay the fees. On the other hand, those parents who pay lump sums have one thing less to worry about for the rest of the year. 3. Concession on sibling enrolment If you already have a child enrolled, consider seeking admission for your second child or your child’s cousins too. As mentioned earlier, schools love to fill their classrooms through referrals. So, why not start with your family and earn a potential siblings discount. 4. Look for scholarships and affirmative action From scholarships for students to economic support based on race, caste, and physical health for particular communities, many international CBSE schools offer various types of need-based assistance to increase the socioeconomic diversity of students and as a part of CSR activities. Since the number or percentage of the population eligible for taking these aids may be limited, ensure to apply and submit all the requisite documents at the earliest.
You should also check if any government-sponsored schemes allow a concession on school fees. 5. Offer your services in exchange for a discount If you have one of those high-on-demand skills, offer your services on a barter basis. For example, if you are a software developer, you may create an attendance record software for the school. If not bartering skills, leveraging your contacts for a fundraiser or getting school events sponsored may also be considered. Please leave comments below.