RE: [MTC Global] [Weekdays Big Discussion-I] Loans are not a sustainable way to support Higher Education

Presently I am in USA and I have been talking to young people. Most of the students complete their higher education after obtaining loans and interest rate on such loans is modest. Still they have to struggle almost for a decade before they come out of the clutches of loan and can afford owning basics like home and car and buy respectable insurance. In India, interest rate is so high even on student loans. By the time student comes out of the college and starts earning after initial internship, the actual loan has already grown by 150% chargeable to interest and repayment. Presently loans are taken only by students going abroad who are able to earn better salaries after completion of education and repay their loans supported by their habit of frugal life.

Regards

Virendra Goel

 

From: kdparanjpe@rediffmail.com [mailto:kdparanjpe@rediffmail.com]
Sent: Wednesday, July 12, 2017 3:50 PM
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] [Weekdays Big Discussion-I] Loans are not a sustainable way to support Higher Education

 

Sir, I think it is important for people at large to get educated. Loans are a way to
enable ease of access to higher education to any one who cannot afford to pay the cost of
education. Loans to students also enable the institution to remain liquid, pay salaries
to the teachers and the employees and make investments in improving the quality of
education.
As concerning the student, when he is on a loan then, he has to ensure that the education
that he receives enables him/her to find a job. Thus, there is an intimate link between
education and employment. If the student is unable to find employment, then the loan
becomes a burden. Now this responsibility largely lies with the student.
For example, if a student is opting for arts education, he must supplement it with some
additional professional training or a skill that will enable him to get employment.

In India, we find that students joining a course are seldom serious about how they would
use their training and education to get employment. Career counseling is one way to get
round the problem. Parents are also often ignorant about choices of careers open to their
children. The result, students follow the herd. Lastly, the banks and other institutions
providing the loans must also incorporate the future career profile of the loan taker,
this will ensure seriousness and commitment to learning. The cost of a professional
career coach, and the assessment concerning student employability will go a long way.

Best Regards,
K.Paranjpe

On Wed, 12 Jul 2017 10:26:18 +0530 Ramesh M Swamy wrote
>Loans are not a sustainable way to support Higher Education. A burden on , graduates and
the public.
Higher Education are very essential for continuous growth- Enhances Knowledge ,
facilitates skill building and placement.For growth, higher education is important ,
because  HE transforms society from Unorganized sector to organized sector, by continuous
learning and teaching. Today on one side   we speak of quality teachers and other side
dearth for it .HE broods growth of learning and teaching. Hence funding by any proper
 means are important .And state funding should take responsibility either thro' subsidy
or grants for HE thro' taxation. 
Govt. has certainly solution with active participation by Corporate - Tata,
Reliance,Infosys,Wipros,Microsoft,Intel ,ONGC,..........
Prof.Ramesh M Swamy



On Tue, Jul 11, 2017 at 7:27 PM, Prof. Bholanath Dutta wrote:
Loans are not a sustainable way to support Higher Education. A burden on students,
graduates and the public.
--
EDUCATE, EMPOWER, ELEVATE
Prof. Bholanath DuttaFounder &  President MTC Global: A Global Think Tank in Higher
Education, ISO 9001: 2008Partner: UN Global Compact I UN Academic
Impact www.mtcglobal.org IEmail: president@mtcglobal.orgCell: +91 96323 18178 / +91
9964660759


 




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