Ang lakas kasi ng loob ko!!! Ano ba yan?!!! Baka mawalan akong trabaho nito. Hehehe. :p
Also blame greedy schools
Editor's Note: Published on page A14 of the May 26, 2005 issue of the Philippine Daily Inquirer
WHILE I agree with Conrado de Quiros’ position regarding the liability of Pacific Plans Inc. to its customers (Inquirer, 5/18/05), I would like to question the validity of the data he used to refute Pacific Plans’ argument that the company was a victim of the rising tuition fees in private schools. De Quiros cited the Parents Enabling Parents’ assertion that tuition fee increases by private schools from 2000 to 2005 reached only an average of 11.37 percent, a far cry from the 40 percent cited by Pacific Plans as the average total tuition fee increase for the last decade. CHED (Commission on Higher Education) data show that for SY 2004-2005 alone, the average percentage increase in tuition ranged from 8 percent to 18 percent.
Most private universities and colleges, especially the “big names” which are usually preferred by education plan holders, take advantage of the maximum annual rate of tuition increase allowed by the law, which is 10 percent. These schools also take advantage of the technicality that the 10-percent ceiling is imposed only on the basic tuition fees, which means that they can “make a killing” by increasing their miscellaneous fees unashamedly. Personally, I know of a university that has more than doubled its tuition in just a span of five years.
That’s a compounding growth rate of 15 percent annually. This university has also consistently been among the country’s top 1,000 corporations. And from personal inquiries, I think that this university is not alone in exhibiting similar statistics when it comes to tuition increases. While De Quiros has rightfully condemned the unprofessional and unethical behavior of the troubled pre-need firms in the education industry, I would also love to see him condemn the private educational institutions whose unbounded greed has made life miserable, not only for a measly number of plan holders but also for a much, much larger number of people who only desired to enjoy the benefits of higher education.
ERWIN RAFAEL, 1578-C 8th St., Fabie Estate, Paco, Manila