Higher education system in India facing daunting challenges from within--forces from within the institutions, and from outside within the country, and from global forces. The system needs major and somewhat pressing, if not emergency reforms. At the same time, we are confronted with a variety of dilemmas in reforming higher education. It is argued here that some dilemmas are redundant, a few valid and genuine, and some need a little bold re-thinking--drawing from traditional wisdom and contemporary world experience. The paper deliberates on these different types of education dilemmas.