'99% Of Private Colleges Are A Scam': Finfluencer Slams Rising Fees, Falling Placements

India’s backstage colleges are facing crisp disapproval arsenic placement rates illness and fees proceed to rise. According to Wisdom Hatch laminitis and finfluencer Akshat Shrivastava, nan mean placement complaint successful backstage colleges has plunged from 60–80% successful 2021–22 to conscionable 20–40% successful 2023–24, raising superior questions astir nan worth of backstage education.

Shrivastava, penning connected LinkedIn, alleged that “99% of backstage colleges successful India are a scam.” Despite declining placement outcomes, he said, these institutions proceed to advertise inflated ‘CTC’ packages, hike their fees, and push students into deeper debt.

“They create an ecosystem: wherever astir teachers don't cognize really to teach, astir students don't moreover want to be college. And, yet nan guidance keeps minting money,” he said. As nan world system shifts toward rewarding skill-based outcomes, Shrivastava warned that this accepted assemblage exemplary “has nary place.”

His disapproval comes astatine a clip erstwhile nan costs of acquisition successful India has surged dramatically. Between 1980 and 2020, mean tuition, accommodation, and different undergraduate expenses roseate by 169%, according to nan National Sample Survey Office.

Graduate people fees accrued by 5.8% and postgraduate people fees roseate by 13.19% betwixt 2014 and 2018, while superior acquisition costs climbed 30.7% during nan aforesaid period.

States for illustration Maharashtra and Karnataka person seen moreover steeper hikes, pinch backstage engineering and master people fees rising 60–70% complete nan past decade. A backstage engineering grade that costs ₹1 lakh a twelvemonth successful 2010 now costs ₹3 lakh annually, reflecting a 200% jump.

Premium institutions person besides seen steep increases. IITs doubled their yearly B.Tech fees to ₹2 lakh successful 2016, and a afloat B.Tech now costs ₹8–10 lakh. An MBA astatine IIMs costs ₹20–25 lakh, while Ashoka University’s yearly undergraduate fees roseate from ₹8 lakh successful 2018 to ₹12.28 lakh successful 2024.

With acquisition ostentation moving astatine 11–12% per year, families are nether increasing financial strain — stretching their resources aliases falling into indebtedness to money degrees that progressively connection diminishing returns.

Published on: Apr 28, 2025 9:59 AM IST