Fee hike trend continues with IIT's!!!

This isn't the best of news for people trying to join the premier institution like IIT. Following the IIM price hike IIT's have also decided to hike their fees by almost 100 percent. The students will be asked to pay almost double the amount now.

It is learnt that the IITs too have drawn up a proposal which will double the fee for students and sent it to the Union ministry of human resource development. It means that from the current fee of around Rs 25,000 per annum, a student may have to shell out Rs 50,000 per year.

If it is any matter of consolation for students, even after the increase, the fee will be far less than the hike effected by the country’s leading management institutes, the IIMs. In recent days, the IIMs have announced huge increases in their fees for those wanting to pursue their post-graduate diploma in business administration.

The IITs are taking the plea that they need to hike the fee in order to meet their rising expenses and to improve their financial health. In the past, the IIT directors who head these institutions have often complained that they do not have enough money to even pay the salaries of their staff. Or for the upkeep of their infrastructure. As a result, they have often had to dip into their contingency fund to make up for the shortfall.