
My initial reply was, fine....if you pay me market, adjustable interest throughout the term of the deposit being held. If not, go jump in a lake. The next round of talks I'll include a demand for an escrow account with debits and credits specifically for the intended purpose and if not, please pay us consumer borrowing rates as what you are being given is not a deposit, but a loan.
The school has obviously looked at what the competition has been doing and decided to jump on the band wagon. Of course what they'll do with a windfall of several million Baht in funds when something like this is first initiated, is to spend it all on what they want. No escrow, no governance, short term employment contracts, back home we the administrators go....if the school fails, there will probably be be no refunds.
It's really a bag of crap sometimes with these international schools. One in the area, better IMO than the one I'm referring to, has a deposit of only 5,000 Baht. A big name down the road has one of 60,000 Baht inclusive of total loss if one doesn't give a full one term notice of the child not returning the next term. Where were the bloody parents when they rammed that up everyone's butt??!!


Unfortunately one of the problems over here with IS's is that the majority of parents really couldn't care less about costs. They are on 1-2-3 year foreign employment contracts and part of their compensation package is full reimbursement of their children's education costs while they're here. Many of these kids will never again benefit from or enjoy the level of education they are getting here when they go home. The parents simply can't afford it.
I don't know the statistics/percentages of those of us who are not on sweet deals and have to pay school costs out of our personal funds. I'll find out though now, for sure. Never again a silent minority!!!

Beware in Hua Hin if a true IS opens, and also concerning semi-IS's already there. If you get a letter about deposits or other arbitrary fees above and beyond the published tuition tariff.....fight like hell to make them justify it and be accountable. Pete
