Families in South Asia go into debt to pay for education: UNESCO

Due to the global pandemic and rising education costs, many families are now in debt solely to pay for their children’s education.

According to a news statement from BRAC issued here today, costs including tuition, private tuition, stationery, and many others are associated with both private and public schools.

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The announcement further stated that many families now find it difficult to afford education due to the current situation of escalating prices.

Even while South Asia has made great strides in expanding access to education, the expense to do so is insufficient.

At a national launching event for Bangladesh today at Pan Pacific Sonargaon, a research report from UNESCO and BRAC revealed that Bangladesh, like some other south Asian nations, spends less than 2.5 percent of its gross domestic product (GDP) on education while the UN advises spending at least 4 percent of GDP.

As a result, households in Bangladesh spend the most on education, at 71% of the total.

The release stated that the Director General of the Directory of Secondary and Higher Education (DSHE), Professor Nehal Ahmed, and Member of the University Grants Commission (UGC), Professor Biswajit Chanda, were present as special guests in addition to Education Minister Dr. Dipu Moni and CAMPE’s Executive Director Rasheda K. Choudhury, who served as the program’s chief guest and guest of honor, respectively.

Safi Rahman Khan, the director of BRAC’s Education, Skills Development, and Migration division, made a warm welcome.

Manos Antoninis, the head of UNESCO’s GEM Report, presented the research report.

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Mridha Shihab Mahmud is a writer, content editor and photojournalist. He works as a staff reporter at News Hour. He is also involved in humanitarian works through a trust called Safety Assistance For Emergencies (SAFE). Mridha also works as film director. His passion is photography. He is the chief respondent person in Mymensingh Film & Photography Society. Besides professional attachment, he loves graphics designing, painting, digital art and social networking.
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