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Free Education - upto University
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safariant
#1 Posted : Monday, January 28, 2013 1:32:00 PM
Rank: Member

Joined: 9/9/2010
Posts: 784
Location: ant hill - red hill
Is this possible in the country?

Quote:
Adding an observation from @Kusadikika;

If no why, and if yes What would it take to make University Education free?
The greatest act of bravery is chancing a fart while suffering from diarrhoea
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mukiha
#2 Posted : Monday, January 28, 2013 2:04:59 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
safariant wrote:
Is this possible in the country?


Yes; but requires creative thinking about how to finance it. Tax revenues alone cannot do it.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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2012
#3 Posted : Monday, January 28, 2013 2:12:53 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
safariant wrote:
Is this possible in the country?


Not now. We can't afford it and would be a bad idea go get funding from 'our development partners'.
But it would be great.

BBI will solve it :)
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Coolio
#4 Posted : Monday, January 28, 2013 2:40:06 PM
Rank: Elder

Joined: 10/28/2008
Posts: 2,276
Location: Kibish
haiweskani.
Nadondosha meli kubwa seuze ngalawa!
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maka
#5 Posted : Monday, January 28, 2013 2:49:35 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Coolio wrote:
haiweskani.

...very possible especially if we use our mafuta well and quadruple our tourism numbers take time and research on what the Nordic countries did n do...
possunt quia posse videntur
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maka
#6 Posted : Monday, January 28, 2013 2:59:12 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:
Coolio wrote:
haiweskani.

...very possible especially if we use our mafuta well and quadruple our tourism numbers take time and research on what the Nordic countries did n do...

...i once saw a documentary about how Norway manages its oil reserves and how it distributes the cash to other areas even though tax is way high i think around 50% things run well read this www.vancouverobserver.co...-provided-norwegians-550 shida ya kenya we just eat bad leaders who dont care about the poor,thats our biggest undoing,corruption.
possunt quia posse videntur
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mukiha
#7 Posted : Monday, January 28, 2013 3:04:19 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
The direction this thread has taken reminds me of a story I heard about how the Germans created the air-cooled engine (later installed in the VW Beetle). I don't know how true it is, but here goes:

Hitler was preparing to invade North Africa - a place with very little water. So he called his army engineers and told them that he needs them to develop an engine that does not need water.

The moment he mentioned that; the engineers started murmuring at each other and gradually the murmurs grew into heated arguments.

so Hitler shouted at them to stop arguing; which they did. Next he asked them: "who thinks it can be done?"

Some raised their hands. He asked them to stand on one side; and those who think it can't be done to go to the other side of the room.

Then he called in the firing squad and ordered them to spray bullets on all those who had said it is impossible!

Long story short: withing six months he had a prototype!

Now; shall we call in the firing squad as well?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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mukiha
#8 Posted : Monday, January 28, 2013 3:17:03 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
This is my dream:

One day I will take some money and invest it in the development of a high-cost school (Braeburn kind of class or even higher). The investment will be in the form of a Corporate Bond; that is I will collect annual interest, say, 10% for a period of, say 15 years.

Then at the end of the period, I will collect the Principal amount. The School will now have no debt.

From that point, the school will run as high-cost, non-profit institution (not a charity!) for another 15 years. All surpluses will be invested in the name of the school in various assets - stocks, real estate etc.

The returns from these assets will also be re-invested.

After the second 15-year term, I hope that the returns from the investments will be enough the finance the running of the school. If that goal is achieved, I will now turn the school into a charitable institution offering FREE high-quality (equivalent to the high-cost schools) education.

In my dream; this will be a small secondary school admitting only 47 students each year - one from each county. The selection criteria will be strictly by academic performance - ability to pay will NOT be a factor at all.

I am thinking that a similar financing model can work for university education. All we is the right "CAN-DO" attitude!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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tycho
#9 Posted : Monday, January 28, 2013 3:22:45 PM
Rank: Elder

Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
mukiha wrote:
safariant wrote:
Is this possible in the country?


Yes; but requires creative thinking about how to finance it. Tax revenues alone cannot do it.


It is very possible. But we need to privatize the education sector.

But the parameters of privatization need to be defined along social entrepreneurship.

Such a change in the education system needs cultural engineering in all sectors. Most significantly, the tax system.

It is a move to direct democracy.
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bebeto
#10 Posted : Monday, January 28, 2013 3:47:05 PM
Rank: Member

Joined: 8/5/2008
Posts: 602
Mukiha wrote

Quote:
This is my dream:

One day I will take some money and invest it in the development of a high-cost school (Braeburn kind of class or even higher). The investment will be in the form of a Corporate Bond; that is I will collect annual interest, say, 10% for a period of, say 15 years.

Then at the end of the period, I will collect the Principal amount. The School will now have no debt.

From that point, the school will run as high-cost, non-profit institution (not a charity!) for another 15 years. All surpluses will be invested in the name of the school in various assets - stocks, real estate etc.

The returns from these assets will also be re-invested.

After the second 15-year term, I hope that the returns from the investments will be enough the finance the running of the school. If that goal is achieved, I will now turn the school into a charitable institution offering FREE high-quality (equivalent to the high-cost schools) education.

In my dream; this will be a small secondary school admitting only 47 students each year - one from each county. The selection criteria will be strictly by academic performance - ability to pay will NOT be a factor at all.

I am thinking that a similar financing model can work for university education. All we is the right "CAN-DO" attitude!


Applause wow!
hats off! wish some great kenyans would STEAL this idea to shorten on the period and make this a reality
"The chief danger in life is that you may take too many precautions" - Alfred adler
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