no, it doesn't cover the cost
Your child's tuition will be stated as, say, 48,000 per year.
This is not enough for the people owning the school, so they try to increase the tuition. The government will not permit them to increase the fees. What to do?
The school creates arbitrary and nebulous charges (at one popular school they are called "assessment fees") of up to 8000 dirhams which you must pay if your child wishes to attend.
Will emirates re-imburse you for this amount? No. They will put on a sorrowful expression and tell you "actually we can only pay CORE tuition fees"
I don't know what that means exactly, but I know it costs a lot of us 8000 dirhams.....per child....per year
Do the math.