7 April 2016 : Studying In IIT’s – Now A Costly Affair
The Indian Institutes of Technology remain the most sought after and preferred institutes for students across India. It is a dream of every student to study in one of these premier institutes. But the decision of the IIT’s to increase the annual fees two fold is a dampener to the spirits of thousands of such aspirants. IIT’s have revised fees in 1998 , 2008 and 2013, but this is the steepest hike so far.
Annual fees of undergraduate courses have been raised from Rs.90000 to Rs. 200000, a rise of over 120 percent. The move was unexpected, especially when a day before, the Human Resource Development Minister Smriti Irani proposed a fee waiver for students belonging to Scheduled Castes and Tribes and differently abled students studying in the IIT’s. Currently the quota for SC’s is 15%, for ST’s 7.5% and for OBC’s 27%. 22% of the SC/ST students benefit from the current fee waiver structure.
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Apart from this, Irani has also promised a concession of 66% in tuition fee for students belonging to families with annual income of less than Rs. 5 lakh. The move if implemented stands to benefit approximately 50% of students enrolled in various IIT’s across the country. At present, waiver is given to students belonging to families with annual income less than Rs.4.5 lakh. 25% of the students benefit from this current structure of waiver.
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The fee hike has been approved by the Standing Committee of the IIT Council (SCIC) and is in approval process under the MHRD. The proposal will be implemented from the upcoming academic year. However, the students already getting fee waiver under various schemes, will not be affected by this proposed revision in fee structure.