Online Schooling: An Excellent Solution to Bangladesh’s Economic Crisis
8th December 2022
HomeBlogOnline Schooling: An Excellent Solution to Bangladesh’s Economic Crisis
Bangladesh’s rags to (somewhat) riches story is common knowledge across South Asia. Within the span of 50 years, Bangladesh’s life expectancy increased by over 50%. The country’s garment factories helped millions of people escape poverty and get a better chance at life. Infant mortality also decreased by a staggering 90%.
Bangladesh was being touted as an economic miracle. The IMF predicted that Bangladesh’s GDP would eventually exceed Singapore and Denmark’s GDP. As the second-largest clothing exporter, the country was enjoying good economic growth.
The situation gradually started taking a grim turn in 2022. Bangladesh’s economy is reliant on three factors: exports, fuel prices, and remittances. Each of these took a significant hit last year. In August, Bangladesh suffered the highest spike in its inflation rate in over a decade; it reached 9.52%.
As the country rebuilds itself, there’s a long way to go. At Cambridge Home School Online, we believe that affordable, quality education is one of the most crucial steps towards ending the ongoing economic emergency. Bangladesh is facing a severe workforce crisis. The country lacks qualified professionals, especially healthcare workers. This can be attributed to a severe lack of affordable, quality education in the country.
Since quality schooling is expensive, it’s within reach of very few students who belong to wealthy families. The large majority of Bangladeshi students attend conventional public school that fails to provide a quality education and help them succeed.
In this blog, we’ll offer a closer look at online schooling in Bangladesh and the structure of Cambridge Home School Online. Why is online schooling an excellent solution to Bangladesh’s economic crisis? And how can you take the first few steps towards helping your children make the transition from conventional to online learning? Keep reading. If you have any questions, feel free to ask us towards the end of the blog. Let’s begin.
The Structure of Online Schooling
The top-rated private schools in Bangladesh are extremely expensive. Parents have to pay between BDT 2,000,000 and 5,000,000 per year. In comparison, online schooling is significantly more affordable. The annual fee for Lower School, Upper School, and Sixth Form is BDT 1,131,629 (as of Dec 2022). Primary Prep School is more affordable and has a fee of BDT 628,654 (as of Dec 2022).
As technology spreads across Bangladesh, access to the internet and at least one electronic device (smartphone, tablet, laptop, or computer) has become more common. By switching to the online learning model, parents can save money and provide a quality Cambridge online education to their students.
The outcome should be the main focus. When students are taught the esteemed Cambridge curriculum by the most qualified teachers in the UK, they are exposed to a wider set of ideas. Students gain more knowledge, learn new skills, and develop a multifaceted understanding of the world.
At Cambridge Home School Online, our Bangladeshi students secure top grades and attend some of the most prestigious universities across the globe, including Oxford, Cambridge, Yale, Harvard, Stanford, Columbia, John Hopkins, Princeton, and the like. When they return from university, they are in a position to contribute to their country’s economy.
We strongly believe that students are the future of the economy. By equipping Bangladeshi students with the knowledge and skills they need to excel, we help them enjoy a better future and steer their country in the right direction.
This doesn’t come at the cost of expensive schooling. By keeping our fee structure as fair and balanced as possible, we ensure that our school is within reach of the large majority of Bangladeshi students. Pupils who require financial assistance can opt for bursaries.
The Benefits of Opting for Online Schooling in Bangladesh
Online schooling initially popularised in Bangladesh as a temporary solution to the COVID-19 pandemic. However, students quickly started noticing its benefits. For starters, they weren’t required to commute to and from school every day. This reduced fuel expenditure.
Presently, Bangladesh’s fuel prices are a cause for concern. They increased more than 51% in August 2022—the steepest increase in Bangladesh’s history. As the prices went from BDT 86 to BDT 130, Bangladeshi families worried about daily commutes.
The online schooling model eliminates the need for expensive transportation. At CHS Online, our classes are held online, i.e., students receive lessons from the safety and comfort of their homes. This also reduces the risk of school bullying, harassment, abuse, peer pressure, and ostracisation—each of which is particularly common in Bangladeshi schools.
Our MA/MSc/PhD qualified teachers use advanced audio-visual technology to make the lessons as stimulating and exciting as possible for young students. Students at the IGCSE or A Level junction receive advanced lessons and cover greater academic breadth and depth.
We use an independent, well-rounded, and interdisciplinary curriculum to help students develop a high level of mastery in their respective subjects. Pupils sit their exams with confidence, clarity, and a complete set of knowledge. Their grades speak for themselves.
In June 2021, 86% of our IGCSE students secured A*s and As in their target subjects. 83% of our A Level students secured two As and a B or higher, as requested by top universities. Moreover, all students who applied received offers from some of the best universities across the globe.
At Cambridge Home School Online, we provide a quality Cambridge online education to students living in Bangladesh. Our MA/MSc/PhD teachers deliver engaging, retentive, and insightful lessons to help students develop strong critical thinking, comprehension, and analytical skills.
We also provide scholarships and bursaries to students who require financial assistance. If you have any questions about our programs, policies, or admissions process, please feel free to contact our team. We’re always happy to help!
With over 20 years of experience, Cambridge Home School Online is considered one of the most prestigious British online schools in Bangladesh. Let’s take the first few steps towards a brighter future and a healthier economy.
How has Bangladesh’s economy evolved over the years?
Bangladesh experienced a significant economic transformation in the past 50 years, seeing remarkable gains in life expectancy and a drastic reduction in infant mortality rates. The garment industry has been pivotal in this change, helping millions rise above poverty.
What economic challenges did Bangladesh face in 2022?
In 2022, Bangladesh’s economy suffered due to a dependency on exports, fluctuating fuel prices, and reduced remittances. In August of that year, the country experienced its highest inflation spike in over a decade, reaching 9.52%.
Why is Cambridge Home School Online a good solution for education in Bangladesh?
Cambridge Home School Online offers a more affordable but high-quality educational alternative in Bangladesh. It aims to address the shortage of qualified professionals in the country by providing a robust curriculum taught by qualified teachers. This online school is particularly beneficial because it does not require the high fees typically associated with top-rated private schools in Bangladesh.
What are the benefits of online schooling in the context of Bangladesh’s economic situation?
Online schooling is not only cost-effective but also eliminates the need for daily commuting, which is particularly beneficial given the rising fuel prices in Bangladesh. It allows students to receive education from the comfort of their homes, reducing expenses and offering a safe learning environment.
How can Cambridge Home School Online contribute to the future of Bangladesh’s economy?
Cambridge Home School Online aims to equip students with the skills and knowledge they need to excel in their respective fields. By doing so, the school hopes to contribute to producing a skilled workforce that can drive economic growth and development in Bangladesh.