IIT council decides to charge 2 lakhs/year for students who do not go onto academics via M.Tech/Ph.D
September 15th, 2011
Following is an excerpt from a report in Telegraph.
The IIT Council today decided that subsidy on tuition fees for BTech courses should be given only to those students who pursue research and take up teaching jobs.
The council, chaired by human resource development minister Kapil Sibal, considered the report of the Anil Kakodkar committee which had suggested that operational costs for running the four-year courses should be covered by raising fees.
Students now pay Rs 50,000 as annual tuition fee. The operational cost per student comes to about Rs 2 lakh a year.
The council today decided that from 2013, students would have to pay the balance Rs 6 lakh if they take up a non-teaching job after graduation.
Scheduled Caste and Scheduled Tribe students, who do not have to pay any fees now, and students from poor families, who are on scholarship or have been granted interest subsidy loans, will, however, be exempt.
Students who study for MTech and PhD and take up teaching after that would not have to pay the Rs 6 lakh.
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