Schools largely reject pleas from students as they brace for a big financial hit from Covid. Students are claiming refunds and fees as they feel that online teaching is inferior to the normal education.
Student wisely keep financials in mind due to the sharp recession.
However many business schools face their own financial difficulties in the pandemic. Some have even increased fees for the 2020/21 academic year to reflect their rising costs in technology investments and shrinking revenues. “Many schools were forced to shift their programs online quickly, which required a tremendous amount of time and resources,” says Brandon Kirby, director of marketing, sales and admissions at RSM in the Netherlands. The Dutch school has increased MBA fees by €2,000 for 2021. “We took this decision based on the increased costs associated with us running the program – not an adjustment to increase our margins,” says Kirby.