tag:blogger.com,1999:blog-9818962.post113614077126036306..comments2024-03-20T13:10:11.477+05:30Comments on nanopolitan: Funding higher education - Part 2: A working model from AustraliaAbihttp://www.blogger.com/profile/06790560045313883673noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9818962.post-1136372639057899372006-01-04T16:33:00.000+05:302006-01-04T16:33:00.000+05:30Oh, and another thing. The repayment amount must b...Oh, and another thing. The repayment amount must be 100% tax deductible.Anonymoushttps://www.blogger.com/profile/13441809988487585009noreply@blogger.comtag:blogger.com,1999:blog-9818962.post-1136372281462215032006-01-04T16:28:00.000+05:302006-01-04T16:28:00.000+05:301. I agree that unless education system is liberal...1. I agree that unless education system is liberalised and private institutions are allowed to charge whatever fee they deem fit, there won't be quality higher education possible.<BR/>2. Government giving automatic loans with deferred payments over a 30-35 year period. I have few issues here. I have low opinion of Indians attitude to paying money back to the government. There has to a be stronger enforcement model. 30-35 years may be a bit too much and there could be mortality to consider. I would look at a 10-year repayment period as a max.<BR/><BR/>Note that the higher cost of education is normally engineering and medical oriented. Here, the earning ability also goes up. (Notwithstanding the 4000+ Indian doctors stranded in UK without work and pay, and depending upon charity from local Temples.)<BR/><BR/>Private players, particularly companies looking at hiring these graduates should be allowed to pitch in funding if they wanted to. They can sweeten the deal by offering the students a higher loan at better terms than the govt. However there could be strings attached to this deal which a student may agree to consider - or not. There is always the failsafe Govt. driven loan process.<BR/><BR/>Controlling corruption (by Govt. officials) would be a key issue. Other forms of abuses may also have to be dealt with.Anonymoushttps://www.blogger.com/profile/13441809988487585009noreply@blogger.com