IITs want more students to pay full tuition fees
New Delhi: As part of the model for financial autonomy, the Indian Institutes of Technology (IITs) have proposed that tuition fees should cover their running expenses, including salaries and maintenance. The IITs have also planned to increase intake of students who pay full fees to augment their revenue.
Currently, the students from reserved categories and those from economically weaker sections pay a substantially lower fee.
At a meeting of the IIT council on Friday, the institutes, however, maintained that “financial autonomy does not mean withdrawal of government support to IITs”.
The proposal has been referred to a committee by the HRD ministry.
While salaries and main➤ tuition fees should cover their running expenses,
➤ increase intake of students who pay full fees
➤ Cost of infrastructure to be met through loans
➤ govt directly provide scholarships to students
tenance expenses are to be met from tuition fees, it has been proposed that the cost for servicing infrastructure be met through loan from the Higher Education Financing Agency (HEFA). It called for continued state support.
The proposal for financial autonomy envisages that no IIT should get ‘lesser annual financial support from government in the new model of financing as compared to the support they have been getting’ so far