I tend to disagree with our distinguished alum Mr. Balakrishnan.
Higher eductaion (especially from an Institute of national eminence like IIMC) is no longer dependent for funding on parental income. As long as the cost of a two year MBA is lesser than the expected post tax first year income or slightly more than that, repayment of the loan should not be a worry at all. After all, an MBA is a long term investment whose benefits one reaps over a lifetime. To expect that its cost be funded from the annual income of parents just like high school eductaion is not fair.
I strongly feel that the fee structure should be a function of the expected incomes after passing out rather than a cost plus figure. If the institute has to compete with world class institutes and regularly upgrade its infrastructure then it has to be funded from the fees itself. Any other model would not be sustainable as the existing corpus would eventually dry up.
If one tries to apply the logic applicable for basic education to proffessional education then only misplaced conclusions can be expecetd
