Can One Afford To Pay Rs 4 Lakh School Fees on Rs 20 Lakh Salary? Man’s Viral Post Sparks Debate

Viral Post: The debate around the ‘exorbitant’ amount of fees charged by private schools yet again took center stage on social media when a man revealed the details about a school which he preferred not to name was charging Rs 4 lakh annually for Class 1.In his post, the man who goes by the username Rishabh Jain began his post by stating “Good education is a luxury - which middle class cannot afford”.This post became viral and has already crossed 1.3 Million views.Breaking down the fee structure of a school he was considering, here are the following details:Registration Fee: Rs 2,000Admission Fee: Rs 40,000Annual School Fees: Rs 2,52,000Additional Charges: Rs 1,08,000Books and Uniform: Rs 20,000He claimed that even other good schools in the city were charging similar fees.Good education is a luxury - which middle class can not affordMy daughter will start Grade 1 next year, and this is the fee structure of one of the schools we are considering in our city. Note that other good schools also have similar fees.- Registration Charges: ₹2,000-… pic.twitter.com/TvLql7mhOZ— RJ - Rishabh Jain (@rishsamjain) November 17, 2024 Right after, he put a question for social media users about whether one can pay this fee even after earning Rs 20 lakh a year. “This is the price of quality education in India. Can you afford it even if you earn 20 lakh a year? - NO!!!” he posted on X. In his opinion, the answer was a NO. (Image/X@rishsamjain)'Can You Afford To Pay Rs 4 Lakh School Fees After Earning Rs 20 Lakh a Year?' In this regard, the social media user explained, “Why? Because 50% of your $20k income is extorted by the government in the form of Income Tax, GST, VAT on petrol, Road tax, Toll Tax, Professional tax, Capital Gain, Land Registry charges and so on. Then you still have to pay for term insurance, health insurance premiums, and PF, NPS for an old age pension.”“At 20L income, you fall in the highest 30% + CESS tax bracket, do not qualify for government schemes, and do not receive any freebies or loan waivers like the rich. In the remaining ₹10L, Either you can have food, clothes, pay rent or EMIs, and save something or you can pay school fees for your two kids ... decide!!,” he added.“Which one would you choose?” he askedHere’s What Netizens RepliedOne social media user accused him of exaggerating numbers.“Bro it feels like you are exaggerating the numbers! And also purposefully you have picked the costliest school in your city to make this tweet!” he wrote.Bro it feels like you are exaggerating the numbers! And also purposefully you have picked the costliest school in your city to make this tweet! Not trying to disregard the fact that yes in our country quality edu is a joke and cess that govt collect for edu goes to politicians— Harshit Agrawal (@Harshit58507511) November 17, 2024 Another user advised him, “Send them to government schools”.Some set of users also supported him, saying a discussion needs to happen on such issues.“This is a serious issue and needs deliberation on how this can be controlled else the quality of education being imparted to kids would decline,” he said.

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Can One Afford To Pay Rs 4 Lakh School Fees on Rs 20 Lakh Salary? Man’s Viral Post Sparks Debate

The debate around the ‘exorbitant’ amount of fees charged by private schools yet again took center stage on social media platform X.

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