Here is a nice series of articles that I came across today while browsing TIME magazine. It gives a great insight into the way American institutes of Education be it secondary schools to elite higher education schools, manage their funds.
A nice informative read if you were always interested in how American students fund their own tutions and manages huge fees. And a current look and statistics on the financial aid problems faced by American schools.
If you analyze it carefully, you will understand what Indian education system lacks and what are the problems associated with it.
http://www.time.com/time/specials/packages/article/0,28804,1838709_1838713_1838722,00.html
-Mrunal
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