A fee hike in the IITs appear to be on the cards with the HRD Ministry reportedly agreeing to double it from the next academic year as per the recommendations of the Standing Committee of IIT Council, government sources told HT.
The formal announcement would be made after a meeting of the IIT Council, headed by HRD minister Arjun Singh with all IIT directors as members. The meeting is expected to take place in May after the budget session.
Ministry officials said the announcement has been delayed because of public outcry over exponential fee hike by IIMs in March and April.
The Standing Committee of the IIT Council has recommended that fees for the popular B.Tech course should be increased from Rs 25,000 to Rs 50,000 per annum.
For the M.Tech course, the committee headed by scientist C.N.R. Rao had recommended that annual fees be increased to Rs 50,000 from Rs 25,000 but the students who are not sponsored should get a fee waiver of Rs 20,000.
The committee had said a hike was necessary for IITs to cope with the rising cost of education and running the institutes, a view also held by the ministry. Per student cost of education in an IIT is estimated to be Rs 2 lakh.
“Even after the fee increase the government will have to bear majority of the burden for providing them education,” said a government functionary.
Moreover, the IITs’ financial deficit is increasing despite special financial package in the form of block grants. “Fee hike is necessary to fill this gap,” the committee said.
The Union Cabinet had recently approved block grants for seven IITs and IISc, Bangalore. The ministry will release Rs 72.5 crore in the current financial year, while another Rs 73 crore has been released in the last financial year.
Unlike IIMs, who have been increasing fees at regular intervals, the last fee revision in the IITs was in 1998. Since the cost of education in IITs on account of infrastructure and faculty has increased, the ministry has agreed for the fee hike.
Every year about two lakh students appear for the Joint Extrance Examination for admission to 4,800 seats.