Schools Offer Scholarships To Parents
- 11-Dec-2020
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Loans To Parents Struggling To Pay Fees
The education sector, like others, has been reeling under the impact of Covid-19. With the pandemic leading to huge job losses and deeper salary cuts, arranging school fees has become a challenging task for many parents.
A survey report revealed that 87.5 per cent of the respondents (schools) claimed they were facing problems in fee collection. The non-government funded schools cited that 55 per cent of the parents did not have the income to pay fees of their children. It further revealed that 8.5 per cent of parents were not keen to shell out money for online classes.
Some private schools and financial technology companies are now encouraging parents to avail fee rebates, scholarships, or opt for education loan or microcredit.
Some prominent schools have rolled out scholarship schemes based on parents’ reduced income during the lockdown. Global Indian International School (GIIS) started a two-year scholarship programme, called ‘Resilience’ for parents impacted by job loss or salary cut. “The school will provide the scholarship once they receive the application and re-evaluate your financial situation. If you’ve got a job or your full salary is reinstated, your child may no longer be eligible for the second year’s scholarship,” said Rajiv Bansal, director-operations of a prominent school.
