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How To Reduce The Cost Of Education And Ease The Burden Of Student Loans

The New Education Policy (NEP) sets itself a grandiose objective of increasing public spending on education, from the current 3.5% of GDP to 6% of GDP. While this would be the best possible move, it may not be practical for a country like India. As a country, we can either wait for the 6% to happen or start giving out fiscal incentives so as to reduce the cost of education.