Many SG parents are sending kids to oz to study.
Can i contribute a little bit by sounding this warning---
Schools at risk as fee
debt soars
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VICTORIA'S small independent schools face serious financial
challenges and possible closure with enrolments dropping and school
fee debts mounting.
Financial and liquidation experts say many private schools
are under strain as the economic crisis bites and parents default
on the payment of school fees. They warn that small independent
schools, which flourished under the Howard government, are
especially vulnerable as the economy falters, but that even some of
Melbourne's established schools are finding it tough....
Already, one independent school has sought advice from the
liquidation and bankruptcy trustee company Warner Kugel.
Company partner Steven Kugel said the school had contacted
his firm early this year "because their board was talking
insolvency" and the school was concerned it might not be
financially viable to open this year. Mr Kugel said that while the
school had not yet acted on liquidation, the impact of rising
unemployment could see more private schools facing
insolvency.....
Insurance company Swann Insurance will this week begin
offering school fee protection insurance to parents, designed to
cover the cost of fees should parents be unable to meet their
commitments.........
However, Andrew Blair, president of the Australian Secondary
Principals Association, said student transferrals from private
schools to state schools had increased markedly this year and he
expected some independent schools would be forced to close within
the next 12 months.
"I would be surprised if some of the lower-fee independent
schools didn't close," Mr Blair said.
"Many of these places were established on the margin with
significant Commonwealth support in the Howard years to apparently
provide more choice for the Australian community and offer a niche
fee structure.
"But clearly some people will struggle to pay their fees as
a result of the credit crisis and some of these schools will fall
over."''
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Should SG parents be carefully that schools close doors,
like few SG private schools.
so u would encourage parents to send their kids to your old school
and learn to write and speak english EXACTLY like yours?
eeeewww