IITs could raise tuition fee by more than 150%
The fee hike, if approved by HRD minister Smriti Irani council, the highest decision making body for the IITs, will be steepest hike in recent years.education Updated: Oct 06, 2015 13:47 IST
A proposal to raise the tuition fee of Indian Institutes of Technology (IITs) from existing Rs 90,000 to Rs 2.5 lakh will be discussed at a meeting of the IIT council on Tuesday.
The fee hike, if approved by HRD minister Smriti Irani council, the highest decision-making body for the IITs, will be steepest hike in recent years.
While the fee was raised from Rs 25,000 to Rs 50,000 in 2008, it was further revised to Rs 90,000 in 2013. The argument behind raising the fee is that the government should only take care of planned expenditure on labs, equipments, library and that non planned expenditure (the running cost) on salary of staff, housekeeping, water and electricity should be borne by students.
A committee headed by scientist Anil Kakodkar had suggested raising the fee to Rs 2.25 lakh to recover the running expenses of institute through student fee. The government hugely subsidises the cost of education for an IIT student.
As against Rs 3.5 lakh spent by an IIT per student per year including expenses on lodging, a student pays Rs 90,000 only. The placement of IIT students, meanwhile, makes news every year for high salary packages. While the average annual salary for IITians is Rs 8 lakh to 10 lakh, few graduates end up getting placed at over a crore.
An IIT Mumbai student received a package of Rs 2 crore from Facebook this year. Similarly another student from IIT-Indore landed a package of Rs 1.7 crore from Google. Meanwhile, a similar proposal to raise the fees at National Institutes of Technology (NIT) was cleared by the NIT council in its meeting on October 1.
“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 0% rate of interest. This will help in building NITs into robust institutions,” a statement from the NIT council said.
Also on the agenda for the IIT council meeting is increasing the number of students appearing for JEE Advance from 1.5 lakh to 2 lakh from 2016 onwards. The increasing number of students for JEE Advance is necessary in view of increase in number of IITs that have shot upto 18 in last few years.
2008: IIT tuition fee raised from Rs 25,000 to Rs 50,000
2013: IIT tuition fee raised from Rs 50,000 to Rs 90,000
2015: Proposed fee hike from Rs 90,000 to Rs 2.5 lakh
First Published: Oct 06, 2015 13:43 IST