American education too expensive now!

UNAffordable US education!

Higher education in US is almost becoming unaffordable as per the recent survey by new york times.This is the result of commercialization of the education system.Education is a must for nay country to develop and prosper.Any nation consists of people and people should be taught newer skills and research based technical knowledge.If you don’t do it than you have to import immigrants who got their education at a affordable price.The best example of this trend was when many pass outs of the Indian institute of technology who paid peanuts for quality education as these were funded by Indian government.However America benefited from this trend.However US educational institutes charge you a bomb in some cases a entire year salary of a medium wage earner annually.The best example would be increasing taxes for corporates and bring that money in medical and technical education.The dream of any father is to see his off springs through the college,but instead these kids end up working for pizza deliveries or McDonald's to earn their pocket money.MBA in a decent university may put you back by almost US$40000.To top all this is that job market is very poor and will remain so till 2011 if all goes well.Banks will charge high interest rate due to credit crunch.May be the college fee should come down and thats a solution not a recomendation though.

While tuition has risen at public universities, his report said, that has largely been to make up for declining state appropriations. The report offered its own cost projections, not including room and board.
“Projecting out to 2036, tuition would go from 11 percent of the family budget to 24 percent of the family budget, and that’s pretty huge,” Mr. Shulenburger said. “We only looked at tuition and fees because those are the only things we can control.”

What they dont teach you in business Schools.

I have time and time again repeated there is something’s you can never learn on any business schools. It’s the business acumen and power of observing!
Observing or studying any topic by your own standards will improve the way you look at many things. Many sophisticated businessmen who had never set foot inside a business school attribute their successes to the power of observation. Many business men have made big businesses working from garage. Yahoo’s founders are a living example of this quality. Take the example of Moscow born Sergie Brin who along with his partner Larry started the search engine Google from their Garage ordering pizzas when they were hungry, They never went to MBA schools!
Doing a MBA is a time consuming and costly affair. Always ask yourself what you stand to gain from it. Does your investment of time and money justifies it? Mine didn’t so I dropped the Idea but I am more successful in business owing to my power of observation .Observe like a scientist and deal like a street smart businessmen.
In Paris in 1999 I went to a famous shop which makes and sells very tasty chocolates. I wanted to take some chocolates home as a gift for my wife in India.My wife is a pure vegetarian .I asked if they mix egg in their chocolate and they confirmed positive. So I dropped the Idea of buying any chocolate.The owner came to me asked me the reason!I told him about my wife being a vegetarian.We started chatting as he knew English and I told him about India,the customs and all that extras!He took my address in hope that someday when he will come to Delhi, shall catch up with me. We left it at that!
After 5 months I received a note saying that a French gentlemen will like to meet me.Well I met Guy Perion the son of the Paris chocolate shop owner and he presented me with special variety of chocos without egg in it.
Today he is selling 15 tons of chocolate in India mainly to the 5 star hotels.
The above shows two traits about successful men.Observation and followup!
Make it a habbit and you shall be successful.