>Studying at IIT may get costlier with fee revision

>An education from any of the premier Indian Institute of Technology (IIT) may soon become a costly affair. You may have to shell out a cool Rs. 200,000 more to get that coveted degree from IIT. This is the key recommendation of the five-member Anil Kakodkar committee, which submitted its proposals on making IITs more self-sufficient to the Ministry of Human Resource Development (MHRD) a while ago. The boards of all 15 IITs are expected to meet on Friday to study these recommendations.

Sources say the idea behind hiking the undergraduate fees from Rs. 50,000 a year to Rs 250,000 a year is to reduce the institute’s dependence on government grants.

Sources say the committee might also discuss the possibility of hiking fees at the postgraduate level in the near future. But for the moment, apart from a fee hike, Friday’s meeting will also deal with a proposal to push for lower interest rates on education loans — a move that will increase the number of students enrolling at IITs.

Source: http://www.moneycontrol.com, January 20, 2011