Rajat Bhardwaj, Co-founder of CoinSwitch, has known as out skyrocketing college charges, saying training has change into the most important legal responsibility for Indian households, pushing some mother and father to take “EMIs for nursery.” In a candid LinkedIn put up, Bhardwaj painted a stark image of middle-class struggles as college bills spiral far forward of incomes.
“30% charge hike. If this isn’t theft, what’s? Began having conversations about college for my daughter. Shocked to listen to what’s happening. In Bangalore, mother and father at the moment are paying ₹2.1 lakh for third commonplace. That’s not a global college. That’s common CBSE. One guardian known as out the ₹2L charge for Class 3, saying even an engineering diploma prices much less,” he wrote.
Bhardwaj added, “And it’s not a one-off. Charge hikes: 10-30% yearly. Center-class wage progress: Simply 0.4% CAGR over the past decade. Training bills: Now 19% of complete family earnings. Annual college value for Class 4 in Ahmedabad: ₹1.8L. Neglect saving for school. Dad and mom at the moment are taking EMIs for nursery.”
“The official information says training inflation is simply 4%. However attempt telling that to the mother evaluating 5 college brochures or the dad doing psychological math between hire and bus charges. This isn’t simply inflation. It’s erosion. Of financial savings, sanity, and even household desires. We used to say, ‘training is the nice equalizer.’ Now, it’s the most important month-to-month legal responsibility,” he identified.
“And if you happen to’re a builder, founder, or policymaker in fintech, that is your person. Struggling quietly, chopping corners, nonetheless exhibiting up. Discover methods to make them win,” Bhardwaj concluded.
The put up sparked a wave of responses from netizens sharing related experiences.
“Dad and mom can select house education. The colleges know that system will not be in abundance and therefore are exploiting — Not simply youngsters, however academics too. It takes lots of effort however native communities may be fashioned. Additionally why not repair the foundation explanation for the issue — High quality of training in govt colleges which has given rise to the pvt college business and training facilities. Simple to crit than fixing the system,” wrote a person.
One other commented, “I am not exaggerating — I can present you the precise charge receipts for my daughter from 1st, 2nd, and her present third commonplace. That’s how excessive the prices are if you wish to give your baby a robust educational basis. Even common colleges cost round ₹1 lakh, so it’s comprehensible that reputed establishments would cost extra.”
“Dwelling education is an answer to this blatant exploitation within the identify of training. The standard will not be well worth the ridiculous charges and donations being requested, and on prime of it, mother and father should spend all their time and power and make the youngsters research. Higher to homeschool with out the fuss of those exorbitant charges,” mentioned a 3rd.
