IS THERE ANY NEGATIVE EFFECT ON CHILDREN ?

Some Parents in the place  where I come from are in the habit of moving their children from one private school to another , not because of change in their work or location, but because they do not want to pay their children's school fees. They allow their children to go through all the mental turture of singling them out during the school fees drive in the school. And each term or section, these children are being moved from one school to the other without their parents settling their school fees both present and past debt. The whole process of humiliation start all over in every school the children are taken to. My question is , " Is there any negative effect on these children whose parents are indulging in this attitude ?