‘Are we preparing parents for bankruptcy?’: Financial advisor slams ₹4 lakh LKG school fees

Hyderabad school charges 4 LKG lakhs. And it’s not even the most horrible part, many want all yearly rent.

“I will not send my child to a precious private school,” said Financial Consultant Nehhar on LinkedIn Post. “At this pace, we make children school … or parents of bankruptcy.”

His words are hit there, where it hurts in millions of restless parent wallets.

Payment campaigns are spiraled in cities. In Hayderabad alone, some schools paid payments 30% this year. Parents in Bengaluru are protesting until 2025-26 up to 30% increase. Delhi and Mumbai have similar complaints fall.

Numbers tell the story of a larger story. In private schools, the average annual fees now range from 60,000 to 2 lakhs. Inflation in education is currently 11-12%, more than double India inflation and climb. According to local enterprises, 44% of parents have seen that school payments have increased by 50-80% in just three years. It was reported at 8% to raise by 80%.

Government data support trend. From 2014 to 2018, the main school costs increased by 30.7%. In rural areas, the average annual expenditures of each student jumped from 5,856 to 12,345 for a decade. In urban areas it has doubled than 12,000 to 28,000.

And the study is only part of the load. Parents should also have uniforms, books, fixtures, transport, extracurricular. Everyone is charged separately. Many schools now charge 25,000 per year for buses. Book collections can cost 7,000 or more.

Elite schools charge the sum of the eye water. Gurgaon’s best school requires 3,46 lakhs per year for lessons, plus a ₹ 2 lakh admission fee.

Mid-Trier schools such as 21k schools, 60,000 for even lower scores, excluding books and ratings.

Financial compression indicates. Registers included in the period from 2018-19 to 2023-24 were under more than 1 cavity, as families or delays receptions or choose cheaper alternatives.

When Nehe Nagar laid it, today private schools today “more like startups than institutions.”