MUMBAI, INDIA - AUGUST 4: RBI Governor Raghuram Rajan during the third Bi-monthly Monetary Policy Statement for 2015-16, on August 4, 2015 in Mumbai, India. The Governor said private education across the world is expensive and is getting more expensive all the time. (Photo by Aniruddha Chowdhury/Mint via Getty Images) | Mint via Getty ImagesSounding a word of caution to students on education loans, RBI Governor Raghuram Rajan on Saturday said they should not fall prey to 'unscrupulous schools' which leave them with high debt and "useless degrees". In his convocation address at the Shiv Nadar University, he said, "we also should make sure that unscrupulous schools do not prey on uninformed students, leaving them with high debt and useless degrees." Observing that education at high quality research universities will remain expensive in near future, he said efforts should be made to make degrees affordable to all deserving students.

Source: Huffington Post May 07, 2016 01:26 UTC