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The purpose of education is to ensure the flourishing of the individuals characterised by the 'goodness' of character and 'goodness' of intellect, Aristotle said. Unfortunately, character building has taken a back seat. Compelled by the overall eco-system,the entire focus seems to be on maximising the academic performance. The race for college admissions in a fiercely competitive environment and shrinking job opportunities have left very little room for the students to pair their passion and interest with the need to build a strong character. The reality of life skills, critical thinking, the appetite for risk and adaption to a multicultural environment being among the top hiring characteristics, has not deterred the race for a high academic score. Ron Miller, one of today's significant thinkers on holistic education, puts it succinctly, "Education today, is not a collaborative art of mentoring and nurturing the young, but a frenzied scramble to succeed according to some external measure of success.”The significant challenges in the education system occur on account of the following: