Steep Hike in IIT Tuition Fee -Monday Jan 7,2013

The Indian Institutes of Technology (IITs) have decided to increase the annual fee for undergraduate courses by 80 per cent — from the existing Rs 50,000 to Rs 90,000 — from the new academic session.

The revised fee will be applicable only to the 2013 entrants. However, no tuition and hostel fee will be charged from the students belonging to the Scheduled Castes and Scheduled Tribes categories. Further, IITs will continue with the practice of giving 100 per cent scholarships to students whose parents’ annual income is less than Rs. 4.5 lakh. Some 25 per cent of the total students typically benefit from this.

Announcing the hike here on Monday after the IIT Council meeting, Human Resource Development Minister M.M. Pallam Raju said this had been done to make the IITs financially sustainable, if not profitable. The fee structure would be reviewed every year, he said.

The last fee hike had been done in the 2008-09 academic session when the annual fee was revised from Rs 25,000 to Rs 50,000.