The Indian Institutes of Management may have to explain to the Human Resource Development Ministry their reasons for substantial fee hikes from the next academic year.
HRD Minister Arjun Singh on Sunday said the government would ask the IIM directors the rationale behind such steep fee hikes at a meeting some time next month. Ministry representatives at the boards of different IIMs had recorded their dissent to the fee hike proposal.
The IIMs, in the last few days, have increased their fees by about 70 per cent to 150 per cent. The two-year MBA course at the IIM-Ahemdabad will now cost about Rs 11.5 lakh from Rs 4 lakh earlier.
However, the premier B-schools have got ample support for their move on the Internet. A blogger at rediff.com, Ankita, justified the fee hike, saying the faculty at the IIMs do not get salary at par with the private sector and in consonance with the salary packages offered to the students they teach. Munish Guru said that the government should not subsidize higher education and restrict itself to improving quality of school education. Ministry officials, however, said that such a steep hike in public funded higher education could send a wrong message to masses that the government is not willing to subsidize higher education.
Although the officials categorically denied that they would intervene on the fee hike issue immediately but said that they would try to convince the IIM directors to opt for gradual and reasonable fee hike.
IIM-K hikes PG course fee
Taking a cue from its sister concerns, the Indian Institute of Management-Kozhikode has decided to revise its fee structure for the two-year post graduate programmes by over a lakh rupees from the coming academic session. “It has been decided to hike the fee to Rs 3 lakh for both the first and second year for the batch joining in June 2008,” IIM-K Director, Prof Krishna Kumar said.