Back-to-school: Rise in education costs leaves parents reeling

Photo courtesy of The Nation

As the cost of schooling skyrockets, parents brace themselves for a financial storm, with tuition fees soaring to unprecedented levels. The latest revelation from the University of the Thai Chamber of Commerce (UTCC) uncovered the staggering truth behind education expenses in 2024.

According to Thanawan Polwichai, advisory chairman of the UTCC’s Centre for Economic and Business Forecast, the latest survey on the cost of back to school 2024 for guardians paints a bleak picture. With 1,365 respondents nationwide, the survey conducted from May 1 to 6 reveals a daunting 43.1% increase in back-to-school expenses compared to the previous year.

The total expenditure amounts to a staggering 60.322 billion baht, marking a 4.2% rise from last year and setting a grim record in the UTCC’s 15-year history of annual surveys. Alarmingly, nearly 60% of respondents reported spending more on tuition fees, with the average cost surging to 25,322 baht, up from last year’s 19,507 baht. Shockingly, over 45% of guardians find themselves struggling to foot the bill, resorting to desperate measures such as credit cards, pawning valuables, or even turning to loan sharks for financial aid.

Amidst this financial turmoil, the government unveils a radical plan to overhaul the education system. Proposals include bolstering educational personnel, revamping teaching methods for key subjects, tackling drug awareness, bridging educational disparities, and ensuring educators are equipped to adapt to evolving trends, reported The Nation.

As families grapple with the exorbitant cost of education, the nation awaits with bated breath to see if these reforms will provide a lifeline amidst the chaos.

In related news, in a remarkable display of inclusion and environmental appreciation, nearly 30 visually impaired students, accompanied by sighted peers, embarked on an educational trek through the lush trails of Khao Yai National Park, a UNESCO World Heritage Site in Nakhon Ratchasima Province.

In other news, the Basic Education Commission’s secretary-general issued guidance to all school administrations to halt in-person teachings during periods of extreme heat.

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Top is a multifaceted news writer with a keen interest in real estate and travel. Top currently covers local Thai news at Thaiger. As a travel buff, Top blogs about his travels- around the world and Thailand- during his free time.

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