The National published an article on the huge burden of cost of education faced by parents in the UAE. Souqalmal CEO & Founder Ambareen Musa comments on the same.
Ambareen Musa, the founder and chief executive of the comparison website Souqalmal.com, says the average annual fee of the 300 schools listed on her site is Dh30,000, with some school fees as high as Dh120,000.
“Rising school fees have definitely put a dent on parents’ budgets,” she says, “but salaries and benefits are not growing as fast. Many companies are becoming much more conscious of their cost base and looking at ways to stay lean. The other factor to consider with the pound is that while it may appear cheaper to send the kids to school abroad, parents need to remember that the exchange rate is variable and education is long term.”
For full article go to The National