Wednesday, July 2, 2008

Inflation hits school education too...

It looks like inflation is the most happening thing in India today. Everything costs more: From fuel to flight fares, cooking gas and vegetables--it just doesn’t seem to end.
The latest on the list is education. We have been paying more and more for education, the cost will keep increasing. Check this story in Economic Times, a survey conducted under the aegis of the Social Development Foundation of Assocham on ‘Rising school expenses vis-a-vis dilemma of young parents.’ The cost of school education has risen by a whopping 160% in the last 8 years. And this is, believe it or not, excluding tuition fees. Most middle class parents today spend a significant part of their income on their children’s education.

Some mind boggling numbers from the report:
Annual Expense for a single child
  • Risen from 25,000 in 2000 to 65,000 in 2008 (excluding tuition fees)
  • Tuition Fess 35,000
  • Another 30,000-35,000 more for a host of 'overheads'
If this is what good education actually costs, I wonder what our government schools, which offer “free education” are actually dishing out to the vast majority of children in India.

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