With the Anil Kakodkar committee recommending a hike in the fee for undergraduate IIT students from the present Rs 90,000 to Rs 2.25 lakh a year, the human resources development (HRD) ministry has set up a task force to examine the idea and provide soft loans to eligible students if necessary to help them pay the increased fee.
The committee has on board Mr M. M. Sharma and Anil Kakodkar, the chairmen of the IITs, Madras and Bombay, director, IIT-Bombay, Devang Khakhar, director, IIT-Guwahati, Gautam Barua and IIT-Madras faculty, Ashok Jhunjhunwala.
The Kakodar committee has justified a hike in fee for B.Tech students, arguing that the institutes should be able to collect per-capita operational cost from them instead of depending on government grants.
IIT faculty and administrators too feel a hike in fee is inevitable as the government cannot subsidise it for all section of students. “The Union government provides Rs 200 crore to each IIT at present in lieu of the fee. We have students from various economic groups, from the son of a truck driver to a son of a rich businessman. While a rich man’s son will not have difficulty paying the increased fee, soft loans will be provided to others who may not be able to afford it otherwise,” said Professor Bhaskar Ramamurthi, director, IIT-M.
Former deputy director and professor emeritus of ocean engineering at IIT-M, Professor V.G. Idichandy, however, suggests the fees should be increased by 20 per cent every year and not by over a lakh in one year. “It is not easy to pay back loans and the interest in a short span of time. It is not as if all students get huge pay packets after they graduate from IIT,” he pointed out.
Source: http://www.deccanchronicle.com/130208/news-current-affairs/article/task-force-study-iit-fee-hike-student-loan
The committee has on board Mr M. M. Sharma and Anil Kakodkar, the chairmen of the IITs, Madras and Bombay, director, IIT-Bombay, Devang Khakhar, director, IIT-Guwahati, Gautam Barua and IIT-Madras faculty, Ashok Jhunjhunwala.
The Kakodar committee has justified a hike in fee for B.Tech students, arguing that the institutes should be able to collect per-capita operational cost from them instead of depending on government grants.
IIT faculty and administrators too feel a hike in fee is inevitable as the government cannot subsidise it for all section of students. “The Union government provides Rs 200 crore to each IIT at present in lieu of the fee. We have students from various economic groups, from the son of a truck driver to a son of a rich businessman. While a rich man’s son will not have difficulty paying the increased fee, soft loans will be provided to others who may not be able to afford it otherwise,” said Professor Bhaskar Ramamurthi, director, IIT-M.
Former deputy director and professor emeritus of ocean engineering at IIT-M, Professor V.G. Idichandy, however, suggests the fees should be increased by 20 per cent every year and not by over a lakh in one year. “It is not easy to pay back loans and the interest in a short span of time. It is not as if all students get huge pay packets after they graduate from IIT,” he pointed out.
Source: http://www.deccanchronicle.com/130208/news-current-affairs/article/task-force-study-iit-fee-hike-student-loan
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