Between 30% and 50% of small and medium private schools in Brazil are at risk of bankruptcy due to the coronavirus pandemic.
The reduction in revenue, caused by the need to grant discounts due to late payments and delinquency, reached 40% of them in April and should exceed 50% at the end of May. In 95% of establishments, enrollment has already been canceled.
The data comes from a survey commissioned by the Union for Private Small and Medium Schools, a non-profit organization created during the pandemic to support educational institutions.
Delays in the payment of tuition fees, which were 9% before the start of the pandemic, reached 17% in April and are expected to reach 22% in May. The loss of students is already around 10%.
Translated by Kiratiana Freelon