Once again pecuniary hikes will bother students studying at IITs as the HRD ministry has decided to double the annual fee at the undergraduate level from Rs 90,000 to Rs 2 lacs per annum from the upcoming academic year. However, the fee hike will only be applicable to students admitted under the general category.
To mitigate the matter, the HRD ministry has announced full fee waiver for Dalits, tribals, physically challenged and those from families with yearly income of up to Rs 1 lakh.
Students whose family income is up to Rs 5 lacs, will pay one-third of the fee, while the students belonging to general category will be entitled to interest-free loan under government’s ‘Vidyalakshmi’ scheme at the time of admission.
The rationale proposed by the ministry for the hike is that cost of maintenance of IITs should be met largely from fees. IIT council had also said the hike would ensure that salary and maintenance bills, that come to over Rs 2,000 crores annually, are met. Also, the 40% weightage to Class XII marks in calculating the rank in Joint Entrance Examination (JEE) will be done away with. Candidates, however, must score at least 75% marks in the board exam. Changes in JEE will be effective from 2017.