With the exorbitant cost, the higher education is only for prosperous society. By the way, is there any honest person with honest way of legitimate earnings, think of giving education to ward ? We are polluting ourselves, either as a creator, giver and receiver.
How many of IIM graduates have become billionaires or super rich ? You won't find any. Why is it so ? Not many of the IIM graduates are at the CEO level either. IIT or IIM can get a decent start and that is where it ends. To become successful one needs knowledge,risk taking ability, ability to work the system, and luck and IIT/IIMs provide only knowledge that too to some extent only.
In their Last to Last year advertisement IIM Indore were charging rs. 19 lac plus other taxes etc for their one year PGP programme...there is no doubt they are better than many foreign institues but fee is exhorbitant..much beyond a regular and honest man's earnings