Jawaharlal Nehru University (JNU), among the most prestigious central universities in the country, recently announced a fee hike from the next academic session. This would nearly double the annual fee for the hostel students–from the existing annual fee ranging from Rs 27,000 to Rs 32,ooo to between Rs 55,000 to Rs 61,000. The announcement of fee hike was met by met by huge protests by students. Following the protests, the JNU administration announced a partial roll back of fees. But the students are in no mood to relent with continued protests, boycotts and demonstrations.
The argument put forth by the students is that a large section of the students, being from economically underprivileged backgrounds, would not be able to afford the expensive education.
The proposed fee hike makes JNU the most expensive central university in the country. While earlier the most expensive central university was Delhi University– with annual fees upto Rs 55,000–with the present fee revision, JNU will become the most expensive among all. Other universities like Banaras Hindu University and Aligarh Muslim University have annual fees below Rs 30,000.
Source: The Print
The JNU fee hike has brought to the fore the discussion on the pros and cons of providing subsidised education to all students in the country. While a section of intellectuals, experts and policy makers underline that subsidised education should only be provided to the economically marginalized sections, others support such education for all.
In the midst of the protests and debates, university authorities clarified that the JNU fee hike was in consonance with the increased expenses over the years, and that the fee had not been revised for the last 19 years. To ensure that the underprivileged students did not suffer because of the revised fees structure, the JNU administration promised scholarships and other programmes of financial assistance. Meanwhile the union ministry of Human Resource and Development (HRD) has constituted a three-member committee to look into the issue. It is expected to resolve the matter amicably.
Even as the debate rages on the merits and demerits of subsidised education, access to higher education is no more a dream for students, thanks to the advent of hassle-free personal loans for education. On Finserv MARKETS, one can easily apply online for a personal loan for education up to Rs 25 lakh, and get access to a slew of customer-friendly features like flexible tenures of payments and quick disbursal.
The government, in the current financial year, has provided 4.6% of the GDP for education. Educationists, however, say that the spending on education has to be at least 6% of the GDP to provide subsidised education to marginalised students. Another lacunae underlined by experts is that the government focuses on providing funds for subsidised education to premier technical and scientific institutes, like IIT and IIM, while those providing education for social science subjects are neglected.
According to various reports, more than 50% of central government funds were provided to institutes like IIT, NIT and IIM in 2018. This was despite the fact that a majority of students, both at under-graduate and postgraduate levels were enrolled in humanities courses.
JNU is among the premier universities providing higher education in a wide array of social science subjects. As such, the fee hike had rekindled the debate on the government focusing on technical and engineering education at the cost of humanities and social sciences. Educationists say that while premier medical institutes, IITs and IIMs are being provided a lion’s share of the subsidised funds, those focusing on social sciences are being provided with lesser subsidies, which has now resulted in the present standoff: the JNU fee hike.
Government provides subsidised education from taxpayers money, and the fee-hike reflects paucity of funds with the government. As tax revenue cannot be enhanced with immediate effect to fund the shortage of funds, it becomes imperative to search for other options. Some educationalists suggest a two-pronged method to provide affordable education without losses to the state exchequer. These are:
Conclusion: Though there is no clear cut answer for the question whether subsidized education should be provided to all, discussions to churn out-of-the-box solutions to bridge the gap between access to education and shortage of funds need to be initiated by the policy makers.
Till the day a solution is found, one requires alternative methods like personal loans for education. With the best personal loans for education, available on Finserv MARKETS, you get a chance to realize the dream for higher education. With instant approval and quick disbursal in 24 hours, don’t allow money to compromise your education. Also learn how to get a personal loan for education only at Finserv MARKETS.
Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.