In Next Academic Year, ‘Credit Bank' To Give Students Greater Flexibility

Hyderabad: With the start of the next academic year, students will have the flexibility to complete their degree at their own pace by saving and transferring credits in higher educational institutions (HEIs).

The Academic Bank of Credit (ABC) proposed by the University Grants Commission (UGC) will let students store credits and carry them forward in colleges and universities.

The UGC recently released the draft regulations for establishment and operation of ABC scheme in HEIs as part of the National Education Policy (NEP). The ABC will function like a commercial bank where students can accumulate, transfer, redeem their credits.

For example, if a degree student pursues two semesters of a course and then drops out or takes a break for some industry exposure, he or she can store the credits earned during those two semesters in ABC and continue the course at his or her convenience by transferring or redeeming them at a later stage.