“A decision to hike the fee over two-fold has been taken by the HRD Ministry following a proposal by an IIT panel,” a senior official of the Human Resource Development Ministry said.
The pride of Indian science students, Indian Institute of Technology will experience a fee hike after a gap of three years (from 90,000 to 2,00,000), when it rose from 50,000 to 90,000 pa in 2013. However, there will be a total fee waiver for the differently abled and students belonging to the Scheduled Castes, the Scheduled Tribes and weaker sections (approximately 20 percent of the student strength).
The government has also now scrapped the 12th boards percentage as a parameter for JEE, however still a student has to get 75% or be in top 20 percentile to appear for JEE examination and for SC/ST this condition is slashed to 65%. The government has done this in accordance with guidelines of Ashok Misra committee formed last year for this purpose.
Coming back to the fee hike, education is becoming expensive all across the globe and still higher education in India can be availed at a price lower than the global norms, thanks to the government institutes which provide cheap education despite being into heavy losses.
Academic cost has increased over the time and there is a need to spend more and more every year on research and development and retaining the best faculty to nurture minds that can lead the world. One way is to increase the government expenditure, limiting growth of the institute to the point where the politicians deem fit. Therefore, the need is to turn these institutes into self-reliant profit ventures.
In India, the average salary a fresh IIT graduate would get would be around 1 lakh a month or 12 lakh a year. That would permit the student to pay off the entire cost of higher education within two years, if not earlier.
The panel demanded a threefold hike in fees, to cover the expenses. However, it is important to note that the New fee won’t be able to meet all the expenses and a future hike is also possible, which will seriously affect the middle class students, hence complicating the question to a considerable level.
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