All member schools are part of the scheme and have made annual payments to a large insurance underwriter (SGI), which will guarantee the booking of any student affected by the closure of an EduSA member school.
“The scheme will ensure that no student is adversely affected by such a closure”
With an overall collective value of €167,000, EduSA said in a statement that the bonding scheme is “more than sufficient” to cover any eventualities as a result of an unfortunate school closure.
EduSA CEO Torrique Borges said that EduSA members are pleased to be participating in the scheme.
“It sends a strong message to language learners and the industry at large that we, as an association, accept that businesses do fail, however, the scheme will ensure that no student is adversely affected by such a closure”.
Borges explained that if one member school was to close, the association believes that students would be better off if they were not to have to forego their travel plans on account of something that is beyond their control.
Rather, Borges continued, students can go to South Africa “and we will ensure that they are accommodated at a comparable EduSA member school, where they will enjoy similar services as originally booked”.
“Our experiences of the last few years have taught us that travellers tend to bear an unnecessarily large portion of the financial burden in the event of business failures,” he said.
“We believe that affected individuals… will benefit from EduSA’s Guarantee Scheme because, in the unlikely event of a business failure, the student will still have their booking honoured with another EduSA member school.
“Business failures are entirely beyond the control of the client so we feel that students should be protected to the maximum extent possible,” he added.