*Fee chart*
To create a fee chart for the Bint e Yaseen Online Academy while considering the objectives of imparting higher education and providing employment, as well as the importance of rewarding teachers for their hard work, you can follow these steps:
1. Determine the trial period: As mentioned, provide a two-day trial class to prospective students before finalizing the fee. This allows them to assess the quality of education provided by the academy.
2. Evaluate the value provided: During the trial period, showcase the academy's curriculum, teaching methodology, learning resources, and any additional benefits offered to students. Emphasize the value of the education provided and how it aligns with the objective of higher education and employment opportunities.
3. Assess the effort and dedication of teachers: Recognize the hard work and commitment of the academy's teachers. Highlight the time and knowledge they invest in providing quality education to the students. This will help in determining the appropriate fee structure.
4. Consider market research: Conduct market research to understand the pricing structure of similar online academies offering higher education. This will give you an idea of the prevailing rates and help you set a competitive fee.
5. Assess the academy's expenses: Consider the operational costs, infrastructure expenses, technological requirements, administrative overheads, and any other relevant costs associated with running the online academy. This will ensure that the fee covers the expenses and sustains the academy.
6. Determine a flexible fee range: Based on the aforementioned factors, establish a flexible fee range that reflects the academy's value, the efforts of teachers, and the expenses incurred. This range can be used as a starting point for fee discussions.
7. Encourage transparent communication: Engage in open and transparent communication with prospective students. Discuss the fee structure and provide them with the fee range established by the academy. Encourage them to consider the value provided and the importance of rewarding teachers when deciding on an appropriate fee.
8. Individualize fee assessment: During fee discussions, consider the individual circumstances and financial capabilities of students. Some students may be able to pay more, while others may require financial assistance. Implement a system that allows for flexibility in fee assessment based on individual situations.
9. Provide options for scholarships or financial aid: To ensure access to education for a wider range of students, consider offering scholarships or financial aid programs. This will align with the objective of providing employment and making education accessible to deserving individuals who may face financial constraints.
10. Review and update fee structure periodically: Periodically review the fee structure to ensure it remains competitive and sustainable. Consider feedback from students, teachers, and market trends to make necessary adjustments.
Remember, the primary objective is to provide quality education and employment opportunities. The fee structure should reflect this objective while considering the value provided, the efforts of teachers, and the financial sustainability of the academy.
