College Admissions & Entrance Exams Updates
IITs may hike fee 2.5 times
Published on : 06-Oct-2015 Powered by www.Opasis.com
The premier Indian Institutes of Technology (IITs) are likely to raise their course fee significantly on Tuesday (6 Oct) during a meeting of the IIT Council headed by human resource development (HRD) minister Smriti Irani.
The apex decision making body of the IITs, which is meeting in Mumbai in the afternoon, will deliberate on recovering recurring cost of the institute from student fees, among other issues. At present, IITs charge up to Rs.90,000 per year as tuition fee from its well off students.
The scheduled caste and scheduled tribe students (22% of the total student strength) as well as those belonging to the economically weaker section with a family income of less than Rs.4,50,000 per annum need to pay only 10% of the fee.
According to two government officials, who declined to be named, the HRD ministry may propose to invest more in capital assets, laboratories, training equipment and research grants and ask the elite engineering and technology schools to take care of the bulk of the running expenses via student fees.
On 1 October, Irani and the National Institutes of Technology (NIT) Council adopted a similar funding pattern.
*The Council adopted a funding mechanism under which Government will appreciably enhance investments in capital assets, labs, equipment and research, leaving the bulk of running expenses to be recovered through student fee. The increased fee would be met 100% by student loans at zero per cent rate of interest. This will help in building NITs into robust institution,* the HRD ministry had said in statement after the NIT council meeting last week.
The 2011 report by government appointed Anil Kakodkar Committee (Taking IITs to Excellence and Greater Relevance) had suggested hike in tuition fees to meet increasing running expense of IITs and allow IITs to have more financial autonomy.
IITs last raised the tuition fee from Rs.50,000 a year to Rs.90,000 a year in 2013. IITs spend over Rs.3 lakh on each student every year.
Besides the fee hike, the IIT Council is expected to take up issues like single entrance test for NITs and IITs, instead of two-tier Joint Entrance Exam (JEE) for admission to these top engineering schools, and better mentoring opportunities for underprivileged students, said one of the two government officials cited above.
The second official said the green initiative at IITs and the Unnat Bharat Scheme, under which IITs adopt villages to provide technology solutions to their problems, shall also be discussed. Currently, India has 18 functional IITs.
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The apex decision making body of the IITs, which is meeting in Mumbai in the afternoon, will deliberate on recovering recurring cost of the institute from student fees, among other issues. At present, IITs charge up to Rs.90,000 per year as tuition fee from its well off students.
The scheduled caste and scheduled tribe students (22% of the total student strength) as well as those belonging to the economically weaker section with a family income of less than Rs.4,50,000 per annum need to pay only 10% of the fee.
According to two government officials, who declined to be named, the HRD ministry may propose to invest more in capital assets, laboratories, training equipment and research grants and ask the elite engineering and technology schools to take care of the bulk of the running expenses via student fees.
On 1 October, Irani and the National Institutes of Technology (NIT) Council adopted a similar funding pattern.
*The Council adopted a funding mechanism under which Government will appreciably enhance investments in capital assets, labs, equipment and research, leaving the bulk of running expenses to be recovered through student fee. The increased fee would be met 100% by student loans at zero per cent rate of interest. This will help in building NITs into robust institution,* the HRD ministry had said in statement after the NIT council meeting last week.
The 2011 report by government appointed Anil Kakodkar Committee (Taking IITs to Excellence and Greater Relevance) had suggested hike in tuition fees to meet increasing running expense of IITs and allow IITs to have more financial autonomy.
IITs last raised the tuition fee from Rs.50,000 a year to Rs.90,000 a year in 2013. IITs spend over Rs.3 lakh on each student every year.
Besides the fee hike, the IIT Council is expected to take up issues like single entrance test for NITs and IITs, instead of two-tier Joint Entrance Exam (JEE) for admission to these top engineering schools, and better mentoring opportunities for underprivileged students, said one of the two government officials cited above.
The second official said the green initiative at IITs and the Unnat Bharat Scheme, under which IITs adopt villages to provide technology solutions to their problems, shall also be discussed. Currently, India has 18 functional IITs.
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