Headline Jan 22, 2012 / THE WORLD'S BURNING ISSUE

THE WORLD'S BURNING ISSUE

Special Loving Dedication To Million Of Students The World Over

The former President of Harvard University, Derek Bok had a great sense of humour. He once observed that "universities share one characteristic with compulsive gamblers and exiled royalty; there is never enough money to satisfy their desires."

Right across the globe Schools, Colleges, Universities have raised their fees 5-7 times as fast as inflation over the last decade or so. And this is the lowest median we have used.

While we are battling around the clock, to develop further and deeper "Student Angel Mother Global Research Institute" by honouring and emulating Mackinsey's highest class work, we can give you one startling statistic: Student debt in Americaa exceeds credit-card debt.

Please check out this co-relations for your own countries?? Now with ever rising inflation and with middle class incomes decreasing, and students struggling to find jobs, an urgent and comprehensive new thinking on education is vital. Total education is inevitably expensive through out the world.

The students to teacher ratio must increase and the administrative bloat must be punctured. In the case of developing countries, the State must help in possible manner. Higher Education all over the World is marred by inefficiencies and all skewed up in incentives.

The bottom line that should never be forgotten is that the cost of Education cannot forever rise faster than the students ability to pay for it.

Industries, say Education that cease to improve values and don't battle to bring costs down, get swallowed up by dustbin of history. This is one big black hole that the World needs to avoid. Cost what it may!!

Till tomorrow, God bless

SAM Daily Times  - Voice Of The Voiceless