School Fee Related Literature Review

The Review of Related Literature of this study focuses on the Feedback on school fee increase to the financial management students of the University of Mindanao. First on the reasons why schools and university increased their tuition fees per year or sometimes per semester. Next the feedback of the said increase to the students in the University and how will they be affected by the said increase. In respect to Dave (2006) school fee increase depends on the cost of Education. This means the cost refers to the salaries of the teachers, staffs and other important personnel in a university. Universities need many Professors because of high number of students. Every year students enrolled are increasing; the demand for professor is also needed.

So the budgeting of allowance will not be easy. Sometimes you cannot buy the required books because you don’t have enough cash left. By these effects this can also affect the expectation of students. According to Sodexo (2013) a sharp rise in university fees has also lead to student expectation of university, service and credentials to rise. They are paying high tuition, so they expect a better environment, better facilities, better learning quarters, canteen and etc. what if the university didn’t meet the expectation of the students? According to Bedoyere (2013), a student will prefer to transfer to a different university. By means of transferring, they can afford to look for a university that has low cost but better facilities. Paying high cost, not so good facilities but paying low tuition but almost the same facilities. Nowadays student are just being practical on what they can

Referring to Hammond (2006) if the student cannot finish his/her studies. The chances of having a good job is very low. In these we can see that if the student cannot afford a quality education he/she cannot have a better future. Nair (2015) raises the issue of fee hike in private schools in the jurisdiction of the Pune and Pimpri-Chinchwad municipal corporations that fails to show any signs of drawing to a close with parents continuing to protest.

According to Dodd (2015), some of the highest fee rises are being charged at top Melbourne schools including Trinity Grammar (up 5.8% to $28,164), St Catherine’s School (up 5.0% to 30,720), Melbourne Girls Grammar (up 4.9% to $30,680) and Methodist Ladies Clooege (up 4.8% to $27,300). In addition, the Association of Independent Schools of NSW said that, while salaries are schools’ major cost, other factors up costs were rapid changes in information technology, increasing compliance costs and general maintenance and upkeep.

As pointed from the President of the NSW Parents’ Council Stephen Grieve statement, “If you paying some of the more substantial fees there are high expectations and schools do a magnificent job of meeting those high expectations,". (Dodd 2015). He also said that schools generally keep fees as low as possible while meeting