Of course, it depends on the agreement in the transfer contract. If the transfer contract states that the buyer shall bear all the assets and liabilities of the educational institution, and if the students ask for a refund of tuition fees, of course, the buyer shall be responsible. If the buyer only buys the assets of educational institutions, then the seller will be responsible for the tuition refund of students. Of course, this is in the case of normal contract sales. If the price of the sales contract is unreasonable, both parties of the sales contract shall be jointly and severally liable.