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Free Education - upto University
Much Know
#11 Posted : Monday, January 28, 2013 5:16:48 PM
Rank: Elder

Joined: 12/6/2008
Posts: 3,588
bebeto wrote:
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

Applause The kind of thinking that should precede the free education promise, how does one plan to do it? at what cost to.other sectors of the economy?
Ras Kienyeji Man
Obi 1 Kanobi
#12 Posted : Monday, January 28, 2013 5:43:39 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
Like your thinking @Mukiha.

Free quality universal education is one of my passions coz me thinks an educated populace returns more than any other resource in the world.

Not counting teachers/lecturers pay, assume for nursery and primary school under the 8-4-4 system you will have approxiamately 10 m students requiring sh 5,000 P.A.(equivalent to the current fees parents pay for westlands primary) when well spent total cost is Sh. 50B.

Secondary will probably be 3 million requiring 20,000 (minus boarding, I would encourage day schools as teenagers require family time) = 60B.

Probably need another 20B for university education.

If all this money was well spent, we could go along way in ensuring universal quality education. And this is money we can even raise from our current budgets by chopping unnecessary expenses.

On top of this, parent should be involved in the day to day school running by giving them seats on the boards and empowering them to make decisions.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
Kusadikika
#13 Posted : Monday, January 28, 2013 5:44:38 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,723
mukiha wrote:
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!


I like, I like!!! Two things Mukiha realizes are required; Long term planning and patient effective execution.

Most times when we say can this be done, we mean can we have it tomorrow in which case it looks impossible.

What if we changed the question to: What would it take to make University Education free? Then we can have a discussion on strategy, financing, timeline, sustainability and management. So rather than having a short answer of yes its possible or no it is not possible there is evaluation of what exists and acknowledgement of the task that requires to be done in order to make it happen. Whatever the case it will take TIME and WORK.
Lolest!
#14 Posted : Monday, January 28, 2013 5:50:11 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
I like the way Cordojubilism has not arisen in this thread. Tuendelee!
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Mukiri
#15 Posted : Monday, January 28, 2013 6:04:30 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Applause @Mukiha You are a true elder. Hats off.

First step, think it. Second, write in wazua. Third, sell it to friends, groups etc even though they call you crazy. Fourth.. Implement it. Fifth...

I hope you have someone in your life who stresses you about turning your bright thoughts into reality.

Proverbs 19:21
safariant
#16 Posted : Monday, January 28, 2013 10:22:36 PM
Rank: Member

Joined: 9/9/2010
Posts: 784
Location: ant hill - red hill
mukiha wrote:
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!

That's a proper well thought out strategy. Hope someone is brave enough to go through with it.
The greatest act of bravery is chancing a fart while suffering from diarrhoea
D32
#17 Posted : Tuesday, January 29, 2013 3:06:24 AM
Rank: Member

Joined: 2/16/2012
Posts: 808
Truth of the matter is that major proportions of education can currently be attained for free, the only problem is accredited certification, meaning that even though one may have the education, the person will not be considered educated unless the person has an accredited certification, such as O level, A level, IB etc... Or a certificate, diploma or degree from an accredited university, otherwise, the free education exists.

If it is for private education, where all that matters are the skills and the knowledge, such as for an individual who will enter into business to develop a product or to provide a service, then certification may not be necessary, but for employment, most employers will request for certification.

Sources of free education:

Primary and Secondary Education

https://www.khanacademy.org/

Tertiary Education

http://online.stanford.edu/courses/
https://www.coursera.org/
https://www.udacity.com/
http://ocw.mit.edu/index.htm


Also see:
http://www.openculture.com
https://itunes.apple.com...unes-u/id40000000?mt=10


Note that there are plenty more, these are just my fav.


There's a thread with a topic on self-driving cars, check out this course:

https://www.udacity.com/course/cs373



Right now I consider an internet pipe the most valuable thing in any home or anywhere where people are.

Technology will overcome lots of hurdles, and things such as admin costs, because all that will be required will be to have the content developed, then the rest will be a matter of having the content delivered..

With the wide network in the country, education can be delivered in almost any location where a signal exists, such as 3g. (talk about the local content that the telcoms have been requesting).

Satellites can be used to reach those in extreme remote locations.

The only type of education that will require physical presence are those that require practicals which the students cannot organize by themselves.

Talking about the none-free institutions, unfortunately, in Ke, and in many other parts of the world, a lot of the education is driven with a motive to earn $, rather than in providing practically useful education.

There needs to be some free Medical Schools - for all the top students that want to do medicine or any related course - to meet the nation's demands.

Every developed nation or every innovative product that the world has seen have strong R&D programmes behind them - Why are we not seeing more R&D institutions and projects in Ke? Why are R&D projects not being well funded? That's why are there are no micro processors being built in Ke.

Watch a story about how South Korea came from nowhere to where it is. (It's in 8 parts, this is the link to the first part):

https://www.youtube.com/watch?v=W3_zsVijn2Y

The Gov has been slack, along with certain private sector players who have capacity to implement, but have not. Folk need to wake up.

Regarding free online education, this does not imply that all education that can be done online, must be done online, this is because there are certain situations where it is preferable for students live on campus, such as those who will be worked when they go home, so there is definitely room for free, physical, academic institutions.

Anyways, a lot of the population is in poverty, so meanwhile, while the education is being organized, water projects can be started in all counties, get irrigation and food going - no one can learn well while in hunger.

While those who have access to free online education - diversify your knowledge in areas of your interest and put it to practical use, such as in increasing trade / GDP, creating employment and solving problems.
They tried to bury us, they didn't know we were seeds.
tycho
#18 Posted : Tuesday, January 29, 2013 11:08:41 AM
Rank: Elder

Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
@D32, I think that with the governments setting the carriculum standards, and exam bodies allowing 'private students' the problem of accreditation can be dealt with.

Schools can be turned to productive centers even as early as primary level. So the education system can feed her children.

I even think that the carricula will be leaner, with emphasis on research methods, and critical thinking, and on knowledge application.

And the good thing is that everything is ready and available, only the entrepreneur is absent.




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