Gone have the days when people used to get a quality education in the municipal or government-run schools and some private institutions. Now our people have become crazy and exhibitionist. They think of their status and prestige and don't bother throwing away money. This mentality of our people is one of the reasons for all this present state of the economic crisis that we are facing and unable to come out of it.
I don't think the necessity for such an extravaganza.
Is there any lack of teaching skills in our society?
Or, the lack of educational schools and colleges in our country?
Why such mad rush and inflated demand for convent education?
Is there more quality in them than our ordinary educational institutions?
Where is the need for going on pushing their fee structures to the sky-heights?
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Now, if there are 7 classes and 40 students in each class, and if you charge a monthly fee of Rs.300/- per student, the total fee receipts will be 84,000/- (280 X 300 = 84,000).
So, all your expenses can be met with that fees only.
Now, you can charge slightly higher fees for the higher classes which will be your sole income. It will not burden the parents much.
From the above calculation, you can clearly see that there is no loss even if you are charging lower fees. The reimbursement of your one-time capital expenditure and other time-to-time expenses can also be recovered very easily by slightly adjusting the fee structure.
So, where is the need to pay huge amounts of fees and the need for larger donations? Isn't it simply an extravaganza?
The above is merely an example to show how you can calculate things and make decisions.
You can calculate in your own way and act according to your prudence. Any suggestions and comments are always welcome.
So, you better think twice or even thrice before making unnecessary large sums to your schools and colleges. It will only result in inflation of things in the long run.