Private Schools Offer Relief to Parents Struggling to Pay Fees
While the lockdown might have not disrupted learning for private schools, a different kind of storm is brewing – the economic crunch is slowing down school fees payments.
The private schooling sector says parents’ inability to pay school fees is becoming an imminent threat.
“We anticipate that our finances are going to struggle and debtors’ books will increase,” said Lebogang Montjane, the executive director of the Independent Schools Association of Southern Africa (Isasa), the largest independent schooling body in southern Africa.
Montjane said cash flow for some private schools will be disrupted because the world is going into a deep recession, for a long time.