THE IMPACT OF GLOBALIZATION ON PRIMARY EDUCATION IN BANGLADESH(6)

Another major difficulty in education sector of the country is that its educational systems are not synchronized although all educational institutions more or less controlled by the Ministry of Education (MoE) of the country. Because the educational institutions of the whole country are normally divided into three categories, for instance, national educational system, madrasah educational system and English medium school and their medium of instruction including curriculum and text books are also different than others even in primary level.

These categories are commonly used up to secondary level. The curriculum of English medium school is mostly different than national one and their medium of instruction is completely English. Whereas madrasah educational system and its curriculum is largely different than others and Arabic is generally used as medium of instruction. General education system is mostly practiced over the whole country because of its classical attraction as a mother language of Bangla and it is oriented as government and as non-government primary school.

Representative APR 391%. Average APR for this type of loans is 391%. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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