Dear Students,
LAST WEEK WE ASKED: Do you think B-schools should rationalise fees to become affordable for needy students?
BEST RESPONSE
The curriculum of B-schools is not simple rather it uplifts the literate society into professional world. It involves interaction with the corporate world which makes the students industry ready thereby attracting companies for recruitment drive. Thus, in-order to maintain the stature of B-schools it is absolutely necessary to charge requisite fees corresponding to the involved expenses. But the recent fee hikes in majority of B-schools seem to deny the opportunity to needy students. Therefore, scholarships and fee waiver schemes should be made available so that it is easier for students from financially weaker sections to access B-school education.
OTHER RESPONSES
B-schools should rationalise fees to become affordable for needy, meritorious students. It will be good for the country because the country will get more meritorious management students. In future, these students will get better jobs. The standard of society will improve.
With the yearly rising cost of tuition among B-schools across the nation, low-income students are finding it harder to pay for their education. The main reasons for the same are increased faculty cost, research expenditure and campus development cost which are probably justified to some extent. But at the same time actions needed to be implemented in order to assist students in paying for the education they need to succeed. As direct reduction in fees may not be feasible then rationalisation can be done by way of increased grants, work-study programs, tuition waivers, and scholarships to merit and need-based students.
B-schools should rationalise fees for their programmes in order to accommodate needy students. Sudden hike in the fees after 2008 has made it unmanageable for the the middle-class students shattering their dreams to study in their dream schools. Even though banks have decided to fund students education programmes making it to the top B-schools without any collateral security, but the burden of paying the surmounting interest on the loans has to borne by the students. If one has to take loan for financing the education to study in India, why not go abroad to study.
Rather than overall lowering/ rationalizing fees, B-schools must set up special fund that finances subsidized education on need basis to meritorious students. This will tap latent talent pool of the country and establish balance and equality. Reason for charging fees on progressive basis lies in the fact that fee fund being major source to finance enhanced quality education and build reputation, which cannot be compromised. B-schools must coordinate its efforts with govt. and take initiatives like zero percent education loans etc and also bring awareness regarding same so that benefits reach to intended class.
Rationalisation of fees can be helpful to the needy students who want to take admission in B-schools, as this will increase chances of admission for students. This should be done without compromising the quality of education and surrounding that is being already provided otherwise it will be a loss for other privileged students. But if this rationalization scheme is implemented by the B-schools, then it can cater to large number of students including those who are smart but can afford to go to B-school and this could could help in empowering our country.
Fees should be rationalised because nowadays the fees of every B-school is varying and tends to be too high for needy students. The government can also start government supported B-schools which provide quality education, For instance, FMS Delhi charges fees of only around Rs 20,000-30,000 so it is not the fees which decides the quality of the B-school.
Entering into the B-school has become deterrent for many students because of very high fee. Rationalizing fee will help B-school aspirants from varied social strata to consider B-school as a viable option. This will bring more talent to the B-school along with lateral thinking in B-school classroom. Moreover, with an enormous emphasis now a days on the rural area, B-school require more and more student from the rural background.
A B-school is simply at its best when it provides quality and right education as well as proper training and resources for research work at an affordable fee structure to encourage more and more needy students to take up higher education. Quality education is the right of every student so it becomes imperative for every B-school to rationalise the fee structure to provide much needed relief to the needy students.
B-schools should rationalize their fees. Each individual, irrespective of which class or status they belong to, should get equal opportunities to enhance their career. Fees should not become a barrier in achieving their goals. Subsiding the fees will definitely not be a cakewalk, but once incorporated, will indeed help the needy in achieving their aspirations. By slashing the fees to some extent, B-schools should also keep in mind that the quality of education provided should not be affected in any terms.
In the midst of uncertainties and global turbulence, students across the globe are in a dilemma whether to pursue masters or wait for the right opportunities. Due to the escalation in the tuition fees in the B-schools on one hand and decline in the package on the other hand, it is becoming tougher for students to assess the viability for pursuing masters. As the fees of B-schools already surpass the pocket of common man, the students are evaluating the ROI. B-schools should rationalise fees so that quality of education is not deteriorated and doesn't impact the pocket of common man.
B-schools should not rationalise fees for needy students since the government has many student concessions, scholarships and such other schemes that make it affordable already. Moreover, conducting courses at a lesser cost may end up in a situation where faculty members and staff will be paid less which in turn may affect the quality of their output for the students.
Your responses should reach us at edu@business-standard.com by Monday evening every week. Please ensure that your responses do not exceed 100 words. Avoid attachments and email your full name, institute's name, batch and complete mailing address. The student who gives the 'Best Response' will be awarded Rs 500.
THIS WEEK'S QUESTION: Do you think some good B-schools should be declared centre of excellence in management?
LAST WEEK WE ASKED: Do you think B-schools should rationalise fees to become affordable for needy students?
BEST RESPONSE
The curriculum of B-schools is not simple rather it uplifts the literate society into professional world. It involves interaction with the corporate world which makes the students industry ready thereby attracting companies for recruitment drive. Thus, in-order to maintain the stature of B-schools it is absolutely necessary to charge requisite fees corresponding to the involved expenses. But the recent fee hikes in majority of B-schools seem to deny the opportunity to needy students. Therefore, scholarships and fee waiver schemes should be made available so that it is easier for students from financially weaker sections to access B-school education.
- Shivam Chhabra, Integral University, Lucknow.
OTHER RESPONSES
B-schools should rationalise fees to become affordable for needy, meritorious students. It will be good for the country because the country will get more meritorious management students. In future, these students will get better jobs. The standard of society will improve.
- Rituparna Saha Ray, Fr. C. Rodrigues Institute of Management Studies, Navi Mumbai.
With the yearly rising cost of tuition among B-schools across the nation, low-income students are finding it harder to pay for their education. The main reasons for the same are increased faculty cost, research expenditure and campus development cost which are probably justified to some extent. But at the same time actions needed to be implemented in order to assist students in paying for the education they need to succeed. As direct reduction in fees may not be feasible then rationalisation can be done by way of increased grants, work-study programs, tuition waivers, and scholarships to merit and need-based students.
- Sourabh Jamar, The Institute of Chartered Accountants of India (ICAI).
B-schools should rationalise fees for their programmes in order to accommodate needy students. Sudden hike in the fees after 2008 has made it unmanageable for the the middle-class students shattering their dreams to study in their dream schools. Even though banks have decided to fund students education programmes making it to the top B-schools without any collateral security, but the burden of paying the surmounting interest on the loans has to borne by the students. If one has to take loan for financing the education to study in India, why not go abroad to study.
- Jatin Kashyap, Post Graduate Government College, Chandigarh.
Rather than overall lowering/ rationalizing fees, B-schools must set up special fund that finances subsidized education on need basis to meritorious students. This will tap latent talent pool of the country and establish balance and equality. Reason for charging fees on progressive basis lies in the fact that fee fund being major source to finance enhanced quality education and build reputation, which cannot be compromised. B-schools must coordinate its efforts with govt. and take initiatives like zero percent education loans etc and also bring awareness regarding same so that benefits reach to intended class.
- Priya Rajesh Dhruv, Institute of Chartered Accountants of India (ICAI).
Rationalisation of fees can be helpful to the needy students who want to take admission in B-schools, as this will increase chances of admission for students. This should be done without compromising the quality of education and surrounding that is being already provided otherwise it will be a loss for other privileged students. But if this rationalization scheme is implemented by the B-schools, then it can cater to large number of students including those who are smart but can afford to go to B-school and this could could help in empowering our country.
- Sukshit Shetty, Vishwakarma Institute of Management, Pune.
Fees should be rationalised because nowadays the fees of every B-school is varying and tends to be too high for needy students. The government can also start government supported B-schools which provide quality education, For instance, FMS Delhi charges fees of only around Rs 20,000-30,000 so it is not the fees which decides the quality of the B-school.
- Hunaidkhan Pathan, Shanti Business School, Ahmedabad.
Also Read
Entering into the B-school has become deterrent for many students because of very high fee. Rationalizing fee will help B-school aspirants from varied social strata to consider B-school as a viable option. This will bring more talent to the B-school along with lateral thinking in B-school classroom. Moreover, with an enormous emphasis now a days on the rural area, B-school require more and more student from the rural background.
- Nilaya Mitash Shanker, Indian Institute of Technology (IIT), Roorkee.
A B-school is simply at its best when it provides quality and right education as well as proper training and resources for research work at an affordable fee structure to encourage more and more needy students to take up higher education. Quality education is the right of every student so it becomes imperative for every B-school to rationalise the fee structure to provide much needed relief to the needy students.
- Pratik Bairagi, Regional College of Management (Autonomous), Bhubaneswar.
B-schools should rationalize their fees. Each individual, irrespective of which class or status they belong to, should get equal opportunities to enhance their career. Fees should not become a barrier in achieving their goals. Subsiding the fees will definitely not be a cakewalk, but once incorporated, will indeed help the needy in achieving their aspirations. By slashing the fees to some extent, B-schools should also keep in mind that the quality of education provided should not be affected in any terms.
- Lokesh Pravin Jain, Vishwakarma Institute of Management, Pune.
In the midst of uncertainties and global turbulence, students across the globe are in a dilemma whether to pursue masters or wait for the right opportunities. Due to the escalation in the tuition fees in the B-schools on one hand and decline in the package on the other hand, it is becoming tougher for students to assess the viability for pursuing masters. As the fees of B-schools already surpass the pocket of common man, the students are evaluating the ROI. B-schools should rationalise fees so that quality of education is not deteriorated and doesn't impact the pocket of common man.
- Harsh Mehta, St. Kabir Institute of Professional Studies, Ahmedabad.
B-schools should not rationalise fees for needy students since the government has many student concessions, scholarships and such other schemes that make it affordable already. Moreover, conducting courses at a lesser cost may end up in a situation where faculty members and staff will be paid less which in turn may affect the quality of their output for the students.
- Kavita Oswal, Vishwakarma Institute of Management, Pune.
Your responses should reach us at edu@business-standard.com by Monday evening every week. Please ensure that your responses do not exceed 100 words. Avoid attachments and email your full name, institute's name, batch and complete mailing address. The student who gives the 'Best Response' will be awarded Rs 500.
THIS WEEK'S QUESTION: Do you think some good B-schools should be declared centre of excellence in management?