IIT fees Hike: Here’s why Fee Concession is a Burden!

Various aspects of the Government’s decision to hike the fees at IITs are being questioned. The fee hike was introduced to cover the upgradation costs across the respective IIT campuses. The fee across the premier institute was raised to Rs.2 lakh.

Also Read:Higher Salary Packages for IIT Delhi Graduates from US Based Companies

Following were the fee rules that were laid out for the students:

• A full concession was offered to the economically weaker sections of students
• A full fee waiver was also offered to students whose family income is less than of Rs.1 lakh
• Students whose family income is between Rs.1 and Rs.5 lakh will be offered a fee waiver of 67%

According to the reports, the IIT Council has asked the government to straightaway reimburse the fee that has been promised as concessions into the accounts of students. The Council has also asked the government to replace fee-waiver with interest-free loans in order to minimize the effects on financial viability that is eating up their corpus funds.

IIT-Kanpurreviewed the funds that are provided to the institutes and discovered that fee, consultancy and research grants cover up only 21 to 28% of the funds that are allocated to the institutions. The review also stated that the government concessions will be a great help as it will enable the IITs to utilize their own funds for establishing new facilities.

Also Read:Students from North-East India to get Opportunities at IIT Kharagpur Tech Festival

Eight new IITs were announced by the government in 2008 and out of these only three have full-fledged campuses. The rest of them are functioning from temporary structures without labs and infrastructure.