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15 % of fee charged from students by private schools to be kept reserved as development fund

Last Updated on October 18, 2021 at 12:59 pm

In a major step by the Fee Fixation and Regulation Committee (FFRC) for the private schools has instructed to keep a reserve of 15 percent of the fee charged from the students as a development fund for the schools.

This step comes after the private schools explained the annual increase in the fee charged from the students saying that the schools need to develop and upgrade the infrastructure of the school for which annual hike was inevitable.

Also, reason the management of private schools gave for seeking a rise in fee structure was the payment of annual increment and annual hike in pay scale of employees both teaching and non-teaching.

An official in FFRC said that school had misinterpreted the order and were mulling to charge 15 percent extra fee to keep it reserved it as development fund but the order states that 15 percent should be managed from the existing fee charged from the students and should be kept reserved at development fund.