City parents have to gear up for a steep hike in school fees in the next academic year (2013-14). The managements of private schools have decided to pass on to the parents, the increased financial burden on account of the recent increase in electricity charges, property tax and water tariff. The fee hike is expected to be in the range of 15 to 20 per cent over this year. Normally, private schools hike their annual fees by around 10 per cent year-on-year citing increased operational costs. But for the next academic year, the managements have decided to hike the fees by double that amount.
While recognised schools have decided to hike the fees by 15 to 20 per cent, the hike in the case of elite schools will be in the range of around 25 per cent to 40 per cent. “On an average, the property tax has been increased by 200 per cent to 1,500 per cent. Similarly, water charges have been increased from Rs 200 to Rs 1,600 per month,” said Mr S.Sreenivas Reddy, general secretary, Hyderabad Recognised Schools Managements’ Association. Electricity charges have more than doubled due to tariff hike and Fuel Surcharge Adjustment (FSA) charges, he said, adding that each school has been incurring an extra expenditure of around Rs 15,000 to Rs 20,000 per month towards electricity charges alone.
“These figures pertain to middle-rung schools. In the case of elite schools; the operational costs will be even more. All these factors have put enormous financial burden on the managements forcing them to increase the fees,” The managements cite increase in salaries for teachers and staff as one of the reasons for increasing operational costs. “We have to increase the salaries for teachers by 10 per cent every year. In the absence of a salary hike, it will be tough to retain qualified and experienced teachers,” Mr Reddy added.