Don't fall in trap of schools giving useless degrees: Rajan's advice to students

May 07, 2016 13:38

Sounding a word of caution to students on education loans, RBI governor Raghuram Rajan has said they should not fall prey to 'unscrupulous schools' which leave them with high debt and "useless degrees".

Observing that education at high quality research universities will remain expensive in near future, he said efforts should be made to make degrees affordable to all deserving students.

One part of the solution is student loans, he said, adding "we have to be careful that student loans are repaid in full by those who have the means, while they are forgiven in part for those who fall on bad times, or those who take low paying public service jobs."

The Governor said private education across the world is expensive and is getting more expensive all the time.

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