MBA Fees 4 lakhs???

As i was going through the prospectus of the newly inducted MBA program, I stumbled upon the fees section. The proposed fees for MBA is around 4 lakh rupees. The prospectus does not mention of any scholarship for the needy and I assume that no special arrangement has been made for students from the low income bracket . I understand that the infrastructure, faculty and other components of the course will be of high quality. I also understand that there will be no shortage of educational loans for students those who are unable to arrange the required fee. Even if I assume that all enrolled students will be well placed with handsome salaries, the fee structure does not make any sense to me. For, it simply undermines the very principle for which Ravenshaw stands - social equality. Even if collateral free loan is made available (it is difficult for a new course though), the amount just makes it impossible for someone from the lower income strata to join the course. Specialized and job oriented courses have all been put under the self financing course list as if they are the fiefdom of the rich and the upper middle class. The notion that the quality of education and its price are directly proportional to each other is a myth. Sweden, for example, provides free technical education till the post doctoral level not only to her natives but also to international students. But have we ever tried anything of that sort?? This problem is not endemic to Ravenshaw alone but to all educational institutions across the country.
I have always cherished the 5 years that I spent as a student of Ravenshaw, not because of her glorious history, not even for her contribution to Odisha's development, but because of her social composition. Ravenshaw for me is a temple of learning where there is no distinction between the elite and the common. I just pray that she retains her social composition .

What is your opinion ??