IIT’s standing committee has cleared 200 percent fee hike, increasing annual tuition fees from Rs 90,000 to Rs 3 lakh for undergraduate students.
Interest-free scholarships, in the same time, will be offered under the Vidyalakshmi scheme.
According to a report that appeared in ‘The Times of India’, even though final decision on hike rests with the IIT council headed by Union HRD minister Smriti Irani, the SCIC studied the average cost per student and opined that 60 percent should be collected from them.
“While we approve the increase in fees, we also want to assure students that there will be scholarships and loans and the IIT gates will be open to all, irrespective of their means," SCIC chairman Ashok Misra was quoted as saying by the paper.
A source, however, made it clear that increase of this proportion will not be accepted and a middle path could be found Fee hike for post-graduate students will be examined later.
"The standing committee does not take decisions. We only prepare agenda for the IIT council," Bhaskar Ramamurthi, director, IIT Madras, told the paper.