The Coordinating Council of Private Educational Associations (Cocopea) on Wednesday warned that many private colleges and universities may run out of operating cash in less than two months if the “no permit, no exam” policy is prohibited.
The Coordinating Council of Private Educational Associations on Wednesday warned that many private colleges and universities may run out of operating cash in less than two months if the “no permit, no exam” policy is prohibited.
“In the absence or lack of effective means to collect, or any compulsion to ensure prompt payment, we fear that the viability of private educational institutions will be endangered, which in turn will disrupt access to education. It is clear that for private schools, colleges and universities, any payment received goes towards paying all capital expenditures or costs associated with school operations. Thus, making prompt payment or collection critical.
“These schools will be most financially at risk with the no permit, no exam bill. Breaking even in the school set-up means that any income generated from tuition is just enough to cover the operating costs and expenses, such as salaries of teachers and school employees, energy, water and other utilities, and other operating expenses. CEAP and non-CEAP schools, colleges and universities covering an enrollment of 532,000 students participated in the study,” Villamor explained.
“Impairing the private schools’ means of effectively collecting fees may, in the long run, have adverse effects to its viability, such that it will not be able to effectively sustain its operations and services and eventually result in its closure. Closure is even more the likely reality for most small schools, mission schools, parochial schools and other similar schools who rely heavily on the prompt payment of fees.
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