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Education business, in India is neither good nor bad. It is a business, which should be regulated by the forces of supply and demand rather than government interference.

The college managements should be able to charge whatever they want from students to run the establishment. When asking for any amount is legitimate, all the money that changes hands would be legitimate. Also, if the amount is too high for the services provided, the demand would go down and the management would be forced to lower it.

Also, the government should allow anybody to start any number of colleges for any reason, as long as they meet the national and university standards. If, for any reason they cannot keep up with the standards, the management should be made responsible for the transfer of all the students affected to other good quality colleges with all the expenses borne by the management. This is just a theory though, as more creative ways of enforcement can always be implemented.

Furthermore, no management would want to give the seats in its college only to students who are willing to pay the best price. This will only result in diminishing quality of the institution and it would only makes it more difficult for the management to demand more money. Also, the best students would always be courted by the best colleges so that they can improve the institution's reputation and this would result in those students getting scholarships or other incentives to attend a specific college.

These all would deem that the government would have to do away with the entrance examination or even make it just a benchmark against with the admission committees can evaluate a student. We all know that a high entrance rank would never translate to high accomplishments, whether it is in academics in college or in the professional world. So the government could alter entrance examination to be like a rating test like SAT, GRE, GMAT etc and let the managements decide who should get admitted based on the score, interviews etc. As I have said before, a free market system would ensure that the managements would make sure that their student population is a balanced mix of people with merit; whether it is their own merit or their parents' financial merit.

Also, there is one thing that the government can do. It can offer subsidized or cheap education through its network of colleges and can create any kind of requirements. It can offer the education only to the financially challenged students. It can also increase

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