“99 % of private colleges is a fraud”: Finfluence criticizes the increasing fees and falling places

Private colleges in India face sharp criticism with the collapse of rates of placement and the fees continue to rise. According to the founder of the Hell Hell and the founder of the Finfluencer Akshat Shrivastava, the average position in private colleges decreased from 60 to 80 % in 2021-22 to only 20-40 % in 2023-24, which raised serious questions about the value of special education.

Shrivastava, who is written on LinkedIn, claimed that “99 % of private colleges in India are a fraud.” He said that despite the low employment results, these institutions continue to announce the enlarged “CTC” packages, raise their fees, and push students to deeper debts.

He said: “They create an environmental system: as most teachers do not know how to teach, most students do not even want to join the college. However, the administration continues to obtain money.” With the global economy turning towards the results of the skills -based bonus, Shrivastava warned that this traditional overall model “has no place.”

His criticism comes at a time when the cost of education in India has increased significantly. Between 1980 and 2020, the average tuition and residence fees and other university expenditures increased by 169 %, according to the National sampling office.

The courses fees increased by 5.8 % and the course fees increased after 13.19 % between 2014 and 2018, while primary education costs increased by 30.7 % during the same period.

States such as Maharashtra and Carnataka have witnessed a sharp increase, as private engineering fees and professional session fees increased by 60 to 70 % over the past decade. Special engineering that costs $ 1 per year in 2010 is now costing $ 3 per year, which reflects a 200 % jump.

Excellent institutions have also seen severe increases. IITS has doubled the annual B.TIch fee to $ 2 in 2016, and it costs full B.TCH now $ 8-10. The cost of the IIMS Master of IIMS $ 20-25 per cde, while the annual university level fees for the University of Ashoka increased from $ 8 in 2018 to $ 12.28 Cham in 2024.

As inflation in education increases by 11-12 % annually, families are increasingly financial pressure – which extends their resources or decrease in debt to finance grades that provide increasingly decreasing returns.