Parents are spending their money on paying fees!!!
In the olden days, studying was not everyone's cup of tea. Only a few people could study, that too by going to Gurukul. Things like Vedas, martial arts, religion and ayurveda were taught there. Universities like Nalanda and Takshila were famous all over the world.
Then the way of studying changed with the arrival of the British. In the 21st century, studies have become even more expensive. But parents do not want to compromise on their children's education at any cost. They want their children to get a good education, but expensive fees have become a big problem for them.
According to a report by CRISIL, by the end of this year, schools and colleges are going to earn huge profits in the name of fees. Their earnings are expected to increase by 12-14%. This is happening because the number of children in schools and colleges is increasing and fees are also being increased. New courses are also being started, in which children are rushing to get admission. For the last three years, schools and colleges have been earning a lot of money, but this year they will become even more rich.
Even though the salary of teachers and the cost of new courses are increasing, but the admission of more children is not making any difference to the schools and colleges. Their profit will remain around 28%. CRISIL has analyzed 96 schools and colleges, which charge a total fee of Rs 20,000 crore. This shows that schools and colleges are in a good financial condition.