Malawi College of Accountancy under heavy criticism over exorbitant graduation charges

By Staff Reporter

People on social media have criticized the management of Malawi College of Accountancy ( MCA) for demanding graduands to pay K120,000 graduation fees in order to be given their certificates.

In a circular memo,the college announced that it will be holding a graduation ceremony on August 26, 2022 at Bingu International Convention Centre ( BICC) in Lilongwe.

As per one of the graduation requirements, the college says those graduating with a degree should pay a total of K120000 while professional students are requested to pay the same amount but K25,000 will be refunded to them upon returning the graduation regalia.

The college adds that students who will not be able to make it to the graduation ceremony will still be required to pay the K120,000 before collecting their certificates.

But reacting to the news, several social media users have condemned the act by the college claiming that the charges are too exorbitant.

Lazarus Farramerra writes ” That is too bad. I thought Malawi College of Accountancy forms part of statutory corporations?. The college is supposed to be more reasonable and accountable.

” Worse still, it seems that the government of Malawi does not support the college despite being on a list of statutory corporations that needs funding from government.

Saulosi Kachitsa says” someone must stop them. After paying high fees, then this one as if ntchito zake zilipo kale?. Know that after graduating these days you spend months or years hunting for jobs and sometimes paying a lot to get a job”.

” That is unfair and unprofessional. You are milking the thin cows in the world where the pasture is fully dry. Getting those papers at that cost in the world where unemployment rate is very high is meaningless,” Alick Dalikeni.

While another one Sosi Chinkonda says” It is not fair, please think about parents and guardians who must survive after the graduation is over.

Lyton Mwalughali wonders” Yonseyo ?, Then what is the essence of paying the tuition fee for 4 years”.

Malawi College of Accountancy is a government owned organization mandated to train personnel in Accounting and was established in 1980 by government order under the education Act 1980.