Wall Street Institute Unscrupulous

[SiamVisitor]

Before recommending your Thai friends or yourself signing up for a course in Wall Street Institute of Thailand, here’s a warning. Should you decide to opt out of the course before completing, there is no refund. Typically, anyone who wishes to sign on will have to pay an upfront fee of over 100k for a course stretching more then a year. Some young adult girls I know are unable to afford the fees and thus entered a leasing program recommended by Wall Street. It is smart (cunning?) of Wall Street to ensure guaranteed lump sum payment by such means and to leave the hassle of late and default payment to the loan providers. These girls, for assumption with an average salary of 12k, have to pay 4k every month under the terms. Now, that is a huge part of their salary. When faced with the slightest financial challenge, they were no longer able to finance the loans. Unable to stop or get anything in return from Wall Street, one would imagine what other unglamorous means they had to creatively seek in order not to get into trouble with the loan providers. Explanation to any of the Wall Street consultants resulted in no avail. Some lucky students will be able to sell the remainder of their course via Thai websites at a loss, pro-rata, to someone willing to masquerade under the name of the original student. Wall Street is very unfair to the students who are unable to continue their course. It is surprising that a prestigious language center resorts to such exploitation strategy to reap profits from the many low income earners of Thailand. They should seriously re-think their refund policy and most importantly, their moral if they have any.

For you Ajarns in Wall Steet, do push for better policy for these students. For you Ajarns in Wall Street who occasionally engage in naughty services provided by the “part-time”, don’t be surprised to meet your ex students, hear their story out. For you Ajarns in Wall Street, quit if you do not want to indirectly be part of Wall Street’s unethical scheme causing sufferings to others. For you Ajarns thinking of joining Wall Steet, don’t, join AUA or some other better language centers instead.

[sulasno]

just wondering whether a complaint to Consumer Protection Board would help ?

[stilljustbrowsing]

For a "siam visitor' you appear to know a lot?
I consider all those that make money from money "unscrupulous".
You base your comments on what facts?
Those that play with money deserve to get their fingers burned at every oppertunity, try working for a living instead.
Other than retieries, who worked all their lives to have a respecable retirment pension without seeking capital funds, you make me sick. (they believed people like you, how is your conscience now, sleep well, "money maker")

[Dave Masman]

Anyone signing up to a McDonalds style language school for 100k deserves all they get.
Let me guess, they liked the image and were swayed by the heavy advertising... TOUGH LUCK. The most important lesson they learn is that image isn't everything. Anyway, most people that quit school courses don't suffer from poverty, (they clearly decided they could blow 4k a month) it's probably laziness and apathy... mai pen rai again.

[stock-me]

Complaint to Consumer Protection Board would really help

[Baster_Hobnail]

So what is your complaint? If a person signs up for something and pays out of their own free will, why should a company that sells that legal product lose out on the whim of a customer. Education is an investment at the end of the day and students are investing in their own future.

I am sure it is all written in Thai and English in the contract. If the customer does not want to be held to it, then they do not have to sign it. I see nothing more than a good business plan.

I worked in credit some years ago and almost nobody gave even a glance to what they were signing. If you are putting your name to anything from car rental to gym membership, it makes sense to read it first.