IITs To Get A New Fee Structure–You Pay 8L If You Get A Job
IITs are gearing up for the new fee structure that will bring general category students to give back anywhere between 6Lakhs-8 Lakhs back to the institute if they take up a job.
According to a new proposal, general category IIT graduates may soon have to pay back the money that the government incurs on their education as soon as they find a job after passing out.
Mindless as you may call this, but if you are a general category student, you need to pay back the tution cost if you take up a job after the college.
“Roughly half the students of an IIT are from the general category because 49.5 per cent of the seats are reserved. A rough estimate pegs the total expenditure on an IIT BTech graduate over four years at Rs. 6 lakh to Rs. 8 lakh. The student will not be liable to pay the difference between the tuition fee and the actual expenditure in case he studies further like pursue MTech, PhD and so on.
Even though the ministry and the IITs have agreed upon this proposal “in principle”, it can only be implemented if Sibal can get the finance ministry on board. Obviously then, as of now, there is no deadline for implementation of this decision.”
In short, this also means that if you go abroad for higher studies, you only pay Rs. 2 lakhs, but if you stay back in India – you will be robbed of anywhere between 6L-8Lakhs.
Aside, decisions from IIT Council Meeting:
- General category students will have to repay the difference between the tuition fee and IITs’ actual expenditure once they get a job
- A common entrance examination for all engineering institutes in the country to be in place by 2013
- An empowered task force will be constituted for implementation of the recommendations of the Kakodkar Committee for expanding the research output of IITs to 10,000 PhD graduates annually from around 1,000 presently by 2020
- A common web portal for all 15 IITs to be created
- A task force will be set up to look into the increasing number of suicides by IIT students
- IIT Delhi to set up an extension centre in the NCR region