There is absolutely no need for providing subsidy in higher education especially when majority of our primary schools are running without table, chairs and in many cases without teachers. We have limited resources (taxpayers' money) buddy and we have to prioritize our spending. Education loan is not a big hassle anymore and with the govt. providing tax incentive on education loans it has become quite attractive. Moreover, IIMs are already providing consultancy to the govt. and private business charging huge fees. They are also charging from the companies coming for recruitments. IIM-C is well within its right to keep its fee low but then it should not go to the govt. with a begging bowl asking for subsidy.
