Wednesday, April 02, 2008
iit fee hike
After the IIMA raised their fees last week to about Rs 12 lakh a year, the IITs may also raise their fees too.The IITs plan to double their fees from Rs 25 thousand a year to Rs 50 thousand a year.The 7 IITs are heavily subsided by the government. Around 600 crores are spent by the government but as compared to international standards it is still a bargain.For example, tuition, room and board for a four year course at IIT costs 70,000 rupees. For an undergraduate in MIT that would be a little over 14 lakh rupees.The move comes just ahead of the Joint Entrance Examination scheduled for April 13. About 200,000 students will take the test.The last time IITs revised their fees was in 1998. in 1953, the cost of education at MIT was Rs 1,560 and it was Rs 1,420 at the Imperial College, London. The IIT fees was set at Rs 1,500 and a third was paid by students.Increasing fees in IIMs only required the nod of the each management institute's governing council. However, their engineering counterparts, governed by the IIT Act, need a green signal from the ministry.