Wednesday, February 27, 2008

IIM fee hiked

Studying at the IIMs will be costlier this year onwards with three management institutes namely IIM-Calcutta, IIM-Ahmedabad and IIM-Bangalore increasing its fees. The tuition fees in IIM-C has increased from Rs 2 lakh to Rs 3 lakh for academic session 2008 to 2010. Again next year, the fees will again surge by an additional one lakh and students will have to pay Rs 4 lakh for enrolling in the esteemed institute.The tuition fees at IIM-C has been brought at par with IIM-Ahmedabad. IIM-A has already raised its fees from Rs 2 lakh to a whopping Rs 3 lakh. IIM Bangalore on the other hand, has increased its fees from Rs 2.5 lakh to Rs 2.74 lakh.In 2007, IIM-C raised its tuition fees from Rs 1.75 lakh to Rs 2 lakh while IIM-A had raised its tuition fee from Rs 1.77 lakh to Rs 2 lakh. But IIM-B chose to increase its fee by Rs 75,000 and fees were increased from Rs 1.75 lakh to Rs 2.5 lakh. The board has also decided to increase the family income limit from Rs 2 lakh to Rs 4 lakh, for meritorious and financially weak students

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