In April this year, UP Government had introduced a School fee hike regulation which was later converted to an Ordinance. The Ordinance was intended to keep a tab on fee hike in private schools. The Maximum School fee hike permissible however was defined by Consumer Price Index for the financial year (called CPI) + 5%. This logic was to be applied retrospectively (keeping session 2015-2016 tuition fees as the base) and any hike beyond the permissible limit, would have to be rolled back.
With the introduced Ordinance, parents were hopeful that private school fees would be brought under control. Until this year, the private schools in the state have been increasing the fees by as much as 10-12%. The schools maintained that since they increase an average of 8-10% salary for the teachers every year, it becomes imperative for them to compensate via fee hike.
However, once you bring the actual Consumer Price Index into consideration, the picture no longer remains merrier. The allowed fee hike per session turns out to be around 9-10% every year since 2015-2016, which is very close to what schools actually have been increasing. Below is the actual calculation of fee hike or increase that would help you to identify the fees that schools shall currently be charging. An essential input to this calculator is the fees that school was charging in a particular session.
Last updated: June 8, 2018 at 20:45 pm