AICTE Vice-Chairman MP Punia on Sunday raised concerns over the high cost of higher education in India wherein the investments made are so high students are not able to recover them their his entire life, even after qualifying as professionals.
"There is a mismatch between the investments made to seek higher education and the returns from it," Punia said at the Guardians of Knowledge event organised by the Hindu, which included a gathering of teachers from private and public educational institutions.
Punia said higher education in India is not sustainable as the per capita income was ₹60,000 and the cost of studies and expenses associated with it were around ₹2 lakh.
"This is just not sustainable; especially in specialised fields like medical. But the benefactors will never be able to recover it in five years. After that the engineers are told that they are not employable."
Various industry bodies have repeatedly pointed out the same concern.
Punia also raised concerns about the out-of-sync syllabus which does not meet the latest demands.
If we want to give results, we will have to change, asserted Punia.
He was particularly vocal about the state of teaching in India. "The gross enrolment ratio in India is 24 per cent, whereas it is 87 per cent in the US and 40 per cent in China." A part of the reason for this low gross enrolment can be attributed to the cost of education.
Source: Business Line
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