The Ministry of Education has come up with new regulations under the Private Education Act to protect students from losing their tuition fees paid in case of the schools closing down. The change means that private schools can now collect only two months of fees in advance or 6 months if they purchasing a fee protection insurance. With these changes private students can at worst lose a few months of their fees. What a big help. Is money the only thing that needs protection? What about the wasted time, the anguish, and the psychological consequences of a young student being caught in such a dilemma? Hehe, we can only think of money. Money is our culture.
Then students were told to be vigilant. It is still caveat emptor! Does the authority think that the culprits or cheats that caused the mess need to be punished as well? Where is the big stick? They should have learnt from the stock exchange where little human mistakes of a few hundred dollars can result in thousands of dollars of fines. Mind you, it is human error and not fraud or bad intention. The punitive penalties have struck fear in the remisiers for making mistakes. But mistakes they will make as they are not demigods or immortals. And they will be very very careful.
The MOE should adopt a similar policy and strike fear among the fraudsters and cheats in the private education industry. Make the punishment punitive and fearful enough to keep them away. Here we are talking about crimes and bad intention and these must surely deserve more severe punishment than pure human errors. Without such punishment, the lure of easy money from innocent and vulnerable foreign students will be too attractive for the cheats to continue what they are doing. The MOE must send out a strong signal that they mean business and has the resolve to want to clean up the industry of such pests.
The above article is copied from Asian Correspondent.