Good education in a good institution is necessary for the growth of an individual. Students work very hard to get into any prestigious school or a university. However, the cost of education also increases drastically according to the popularity of an institution and the kind of degree one wants.
In India, we are well aware of the courses most of the people want to opt for and the cost of that degree. Even if the family income is not so great, yet our parents try their best to get us enrolled in a prestigious institution for good education.
In our country, the cost of an MBA degree is around Rs 7.5 lakhs to Rs 25 lakhs, even if you do it from any government institutions like IIMs. The cost of an engineering course costs around Rs 8 to 10 lakhs. Taking into consideration some of the government institutions, the fee is comparatively low. However, not many of us can get the opportunity to study in government institutions because of the seat constraint. So, as a result, we opt for private institutions knowing the fact that it is going to cost us a hefty amount of money. Education, being important for life, our parents sacrifice everything for their children and provide us the money.
In my opinion, the fee for higher studies should be revised by the private institutions and a policy should be made by the government that the institutions should not get to decide the fees of a course by themselves, and there should be some norms according to which fees of all institutions be decided. It should be on the basis of an average family income and the number of people earning in a family, and also the family background, the kind of employment the earning member has. All these things should be considered before deciding the fees of the curriculum in colleges and schools across the country.
Most of the students do not opt for higher studies after graduation just because of high fee of the colleges and also the high fees of coaching centers. Many students start earning after graduation which may or may not get a very good paying job. A stable job with good salary and lifestyle is necessary to lead a good life, and we can get this through education. But, if education is so expensive, then how can a middle-class family manage it? It is high time that our government look into this and make certain decisions that can make the education system better and accessible for a common man.