A Profit-Driven Approach to Affordable Education: A Review of Hippocampus Learning Centers
Government schools across India are haunted with serious issues. Teachers are absent 25 percent of days and teaching less than 55 percent of the time. This contributes to the low enrollment rates across the country, standing at a mere 37 percent of 361 million school-going aged children. Parents have become disillusioned with government schools, and the 70 percent drop-out rates are augmented by the lack of quality affordable education.
Studies have shown that grade 7 students in villages typically have the ability to read and write at the grade 4 level. And with poor infrastructure and often poorly trained teachers, the demand for private education continues to grow. Families across India are now spending 5 percent of their incomes on education, which is growing at a CAGR of 8.6 percent, faster than all other house-hold consumption (3 percent).