Schools grappling with falling revenues

Schools grappling with falling revenues

With many schools in the Sultanate working as a not-for-profit venture, exit of some students has affected their earnings. Muscat: Students not returning to the classrooms, be it either face-to-face or virtual, are costing millions to school management committees. Take the example of Indian Schools in Oman where more than 7, 000 students have left or are planning to leave in 2020-2021. While more than 4, 600 Indian students have opted for transfer certificates in the middle of the term, around 2, 000-2, 500 additional students are expected to leave the schools or apply for transfers after the completion of the current term, ending in March 2021. "Considering that the Indian schools are non-profit community schools relying on revenue from fees for sustainability, loss of revenues is a challenge for the schools. If you take an average revenue of OMR45 per student then our annual revenue loss is more than OMR3 million," said Dr Baby Sam Saamuel, Chairman of the Board of Directors of Indian Schools in Oman. "This is indeed a trying time for all and our system has tried to ensure the welfare of all our stakeholders, teachers as well as students. We have so far offered financial