Many International Schools are for-profit.fivegomad wrote:Can you elaborate?
Here's some real numbers;zzm9980 wrote:Many International Schools are for-profit.fivegomad wrote:Can you elaborate?
This is why "Not for profit" organizations/schools are considered high risk.PNGMK wrote:Here's some real numbers;zzm9980 wrote:Many International Schools are for-profit.fivegomad wrote:Can you elaborate?
One school has to return 8% to it's central board in the USA.
The other (with a convicted criminal on the board) has to return 20% min.
Guess which ones spends more on the kiddies?
My former boss, a HK drug detective, swears hand on heart, that for profit schools are (some, not all) the biggest money laundering scam in Asia.
High risk of what? I've seen far more "for profit" schools shut down than "not for profit". Personally I like to know where my money is going... and I don't want it lining the pockets of some of the owners of these "international schools" in Singapore.Girl_Next_Door wrote:This is why "Not for profit" organizations/schools are considered high risk.PNGMK wrote:Here's some real numbers;zzm9980 wrote: Many International Schools are for-profit.
One school has to return 8% to it's central board in the USA.
The other (with a convicted criminal on the board) has to return 20% min.
Guess which ones spends more on the kiddies?
My former boss, a HK drug detective, swears hand on heart, that for profit schools are (some, not all) the biggest money laundering scam in Asia.
To be fair to Hanni, Nexus does seem a little better than others and has some form of oversight from a board...movingtospore wrote:Not in Singapore Hannie. Captive audience and not enough school spaces. And no governance whatsoever from Singapore. With the non profit schools there is oversight by an elected board.
In the 5 years I've been here I've lost track of the number of so called ib schools that have come and gone. Buyer beware!
How long is the waitlist?fivegomad wrote: Looking at schools next week - what did you wish you'd asked
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