Privatization of Education

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Privatization of Education

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Education is the most vital input for the growth and prosperity of a nation. It has the power to transform the human beings into human resources. Apart from school education, higher education is the main instrument for development and transformation. Hence any changes shall be well thought and formulated without affecting the aspects of quality of education, equity and social solidarity.

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We need to understand the harmful effects of privatization before we attempt to embrace it.

Academic institutions and systems have faced pressures of increasing number of students and demographic changes, demands for accountability, reconsideration of social and economic role of higher education and the impact of new technologies, etc

Does government lack the resources, the will and the insight necessary to reorder the post secondary education?

Higher education is an expensive undertaking!

The challenges of introducing such a system will be manifold. First, the government needs to make sure that schools exist in every locality. Left to the entrepreneurs themselves, they may fight to open too many schools in high-income localities where the students will be better compared to the low income localities. So the policy makers must ensure that low income localities also get a due share of the schools. The government must direct and incentivize the program so that marginalized areas are not left out. The second challenge is to ensure quality. Although the private schools, in general, are better than their public counterparts, but relying too much on them can also be costly. The quality of the private schools also varies significantly. While some of them may provide a good quality education at a reasonable cost, others may end up becoming money-making machines without caring for the quality of education.

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