This is a discussion on AfterGraduation new article "IITs Seek PG Courses Fee Hike By Six Fold".
Around 80 percent of the financial needs of the Indian Institutes of Technology (IITs) and their entire capital costs are currently funded by the government. After hiking the course fee for their undergraduate courses, the Indian Institutes of Technology (IITs) are seeking to hike their PG courses fee by six fold.
IITs want a six-fold student fee hike for postgraduate courses to reduce their financial burden at a time when the government is pushing for more revenue generation at these elite institutions. The IITs have underlined that though they spend over Rs 1.24 Lakh per annum, they only charge around Rs 20,000 per annum from each student of selected category. The over-dependence on government funds, coupled with the widening gap between actual costs incurred and tuition fee charged, has long been considered a major deterrent to the IITs’ efforts at financially independence.
The revenue sources of the IITs include student fees, government receipts, investments and others (entrance exam fee, library fee, sponsorship etc). In a proposal, the IITs have underlined that though they spend some Rs 10,400 per student per month or over Rs 1.24 lakh per annum, they only “charge Rs 20,000 per annum” from student, as per the agenda document of the IIT council meeting.
