The underpaid leadership of Self-financing colleges
The category called 'for-profit' institutions are similar to what we call self-financing here. The difference is that in 'for-profit' category there is a clear, legally sanctioned room for profit while in our 'self-financing' category, there's no such written provision as such, but it does generate profit. 'For-profit' is a label which directly indicates 'profit' as a clear objective of these institutions and for us, there certainly is a degree of discomfort as the profit part is made so evident. It foregrounds the profit part disturbingly and many who are part of the system squirm a bit at the drop of the term. But the way the HEI leadership is paid in self-financing institutions makes one wonder whether the 'for-profit college' label is more appropriate. Except for a handful of HEIs, to the best of my knowledge, the leadership of these colleges are grossly underpaid. The Principals, Vice Principals and IQAC coordinators and Heads