Monday, 4 February 2013

Task force set to discuss one more fee hike at IITs

Reportedly on saturday task force will meet to discuss one more fee hike to raise to raise per-capita operational costs from students. A new panel including members IIT Bombay chairman Anil Kakodkar, IIT Madras chairman M.M. Sharma, IIT Bombay director Devang Khakhar, IIT Guwahati director Gautam Barua and IIT Madras faculty Ashok Jhunjhunwala will also consider an alternative education loan scheme without involving banks. The aim is to ensure soft loans for needy students.

Ealier IIT concil approved 90% increase in annual fee for General candidates, the yearly tuition fee for BTech students increased to Rs 90,000 from Rs 50,000 from the 2013 academic session. The 80 per cent hike still left 60 per cent of the operational cost uncovered.
A source said the plan was to revisit the revised fee structure and suggest a framework on how to raise the per-capita operational cost from eligible students.
The fee hike, if approved by the IIT council, will affect about 50 per cent of students. Scheduled Caste and Scheduled Tribe students and those from the economically weaker sections who don’t have to pay tuition fees now will continue to get the benefit.

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