The basics of education

An educated workforce is an asset to the nation. Govt will find it to its advantage, and also its responsibility to educate its people, which in turn benefits both country and people at the same time. Educating the population is thus both a necessity and a responsibility of a govt. The investment ploughed into education will bear its fruits and the country will be rewarded with a better educated and trained workforce. Initially it may appear to be a cost centre. But it is more than just the churning out of more employable workers, it encompasses the whole well being of a nation, the quality of life and the social environment, and everything that got to do with progressing up the ladder towards an advanced country. But education has been seen as an avenue for profit by some wise guys. Which is true to a certain extent. However, when profit is the only driving goal for education, it undermines its reason to exist as an industry. The assumption of private education for profits must be quality education to befit its high price. And quality education, which culminates in producing quality students, does not depend on the infrastructure and the quality of the teachers. It also depends on the quality of the students. Another case of rubbish in rubbish out. Here comes the problem. Quality students will either be provided with scholarships to pursue their studies in quality institutions or will qualify for admission to state universities at a much lower cost. There is no need for them to pay through their nose to private institutions for a quality education. Private institutions will thus be snuffed out of their supply of good quality students. This is a simple fact that they must know. Unless private universities can provide such a high quality education that established universities cannot provide and can attract quality students to pay for it. In reality, only those who cannot get into cheaper state universities will opt for private universities and willing to pay a higher fee. What these students would expect is that the entry requirements must be lower. That is the expectation. This is the contradiction that private universities must live with. Who the hell would want to pay more for admission to a lesser private university when they can get admitted into the best universities at a lower fee? Education for profit must thus compromise the quality of the education for the students. And this has been going on in many countries when grades were inflated to keep paying students happy and coming. Exceptional cases can be made out for niche markets or for very well established universities that can still retain the high entry requirement and command a high fee. A Harvard or MIT campus here will attract some very good students who are willing to pay the high fees which again may be relatively cheaper than pursuing it in the US. Any other average brand universities must reckon with the hard realities that they will only get the second or third best candidates available if they set up business here and want to command a higher fee. Would ivory tower professors understand this simple business logic?